# Rates and FX are waking up to a less hawkish Bank of England reality | articles | ING THINK

> 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.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42083-rates-and-fx-are-waking-up-to-a-less-hawkish-bank-of-england-reality-articles
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A softer BoE path reduces support for sterling and keeps the dollar firm, a mild headwind for dollar-priced feed imports into the UK.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/rates-and-fx-are-waking-up-to-less-hawkish-bank-of-england-reality/

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