Daily GBPUSD
Markets price in 5% The peak rate BOE. According to market pricing, traders anticipate the bank rate reaching a certain level. 5% By November This is due to the hawkish comments of MPC members Mann Hawkish comments and observations from Powell yesterday¹. Yesterday1.
The FED Powell Like his Jackson Hole comments and noting that the pace for tightening may be increased, he came out swinging. The markets were stunned and saw immediate bearish reactions in stocks and bonds, with Treasury yields rising and Wall Street falling. On the contrary, the Dollar Index remained stable. The decision to move the up-shift back at a pace of a half-point rate hike pace on March 22, is not final. Powell stressed it depends crucially on the “totality” of the upcoming data in Friday’s nonfarm payrollsThe following: Publication of the CPI March 14
This is consistent with the shift in implied Fed funds futures. They jumped in response to Powell’s opening remarks, and now reflect about a 75%…
