 |
| Commerzbank Economists Warn Sterling Could Suffer if Bank of England Pauses Rate Hike Cycle |
Commerzbank economists are warning that if the Bank of England (BoE) pauses its rate hike cycle at its meeting on Thursday, the Sterling could suffer notably. The experts believe that it is crucial for the BoE to deliver as failing to do so could have a significant impact on the currency.
The BoE is expected to be viewed as a more hesitant central bank, particularly when compared to the European Central Bank (ECB), meaning that Commerzbank remains sceptical for Sterling in the medium term. Overall, the outcome of Thursday's meeting will be critical for the direction of Sterling, and market participants will be closely watching for any indications from the BoE regarding future rate hikes.
