Investors have reined in expectations for the next BoE interest-rate increase after PM Theresa May failed to win majority in last week's snap elections. "The range of Brexit outcomes has become more diffuse" said Dan Hanson from Bloomberg Intelligence. The odds of a hike before 2019 slipped to about 33% from 52% on June 8. The hesitant bank and the condense mist around Brexit make the situation on the island difficult. That may lead to GBP decrease.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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