While the Bank of England warned last month that it will take little upside on growth and inflation to consider voting for tighter policy, markets were caught off guard on Thursday when two policy makers joined Kristin Forbes in voting for a rate hike.
Senior Market Analyst Craig Erlam discusses whether this is a game changer for the pound and whether we can expect to see further gains in GBPUSD. He also discusses the other factors at play here and gives his analysis of the chart.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.