A lone BoE hawk inspires some upside momentum in the Sterling

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets Sterling bulls gained some inspiration in Tuesday’s European session as a result of a hawkish BoE McCafferty who highlighted the risks of delaying a rate rise in the UK. Although his argument about the UK economy being left behind the curve was strong, the string of negative PMI releases in September combined with the recent deflationary CPI reading in October simply offers an even more compelling argument as to why a UK rate hike may be held off until the middle of 2016. The

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