Loading…
ING analysts argue markets are overpricing Bank of England tightening and will adjust to a less hawkish path as UK data weakens. They expect gilt yields to lag Bunds and Treasuries and sterling risks to skew lower.
A softer BoE path reduces support for sterling and keeps the dollar firm, a mild headwind for dollar-priced feed imports into the UK.
think.ing.comAntoine Bouvet, Chris TurnerApr 28, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
