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via fxstreet.comEconomy

Sterling lifted by BoE hike bets, but upside seems limited says BBH

FROM THE WIRE · FXSTREET.COM

BBH’s Elias Haddad highlights that GBP is stronger against major currencies as UK August labor data bolster expectations for a 25 bps Bank of England (BoE) rate hike to 4.00% on November 5.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishExpectations of a 25bp BoE hike support sterling, though upside looks capped.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01GBP is stronger against major currencies on UK August labour data.
  2. 02BBH analysts cite expectations for a 25bp BoE hike to 4.00% on November 5.
  3. 03Upside potential for sterling appears limited.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
UK Pound Sterling/US Dollar FX Spot RateGBPUSDFX pair1.3393+0.12%today +0.67%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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