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GBP/USD – Is the BoE Considering a Hike? (Video)

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We’ve been getting very mixed messages recently from the Bank of England which would suggest policy makers are as divided as the rest of the country at the moment. What does this mean for interest rates in the months ahead?

Senior Market Analyst Craig Erlam discusses the latest views from within the central bank, including those today from Governor Mark Carney that triggered a rally in the pound. He then gives his analysis of GBPUSD in light of the latest commentary.

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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.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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