# GBP/USD Rally Tipped as Sell at HSBC Ahead of BoE Decision

> HSBC strategists suggested clients consider selling GBP/USD ahead of the Bank of England decision, doubting the recent sterling rally will hold. Overnight index swap rates implied about a 68% chance of a 50 basis point hike. The strategists expect a possible setback if the BoE sticks to 25 basis points.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/40754-gbp-usd-rally-tipped-as-sell-at-hsbc-ahead-of-boe-decision
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A bank call to sell sterling points to a possible dip in the pound against the dollar, a currency move that has only indirect effects on feed input costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/17322-pound-to-dollar-rate-tipped-as-sell-at-hsbc-ahead-of-boe-decision

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.