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Forex.ca reports that markets have priced in Bank of England hikes at each meeting from May through November, and the ECB is expected to move as early as July. Policymakers are giving mixed signals, and Deputy Governor Ben Broadbent said markets rely too heavily on central bank commentary.
Retail positioning leans bearish on GBP/USD and mixed on EUR/USD.
A gap between market rate-hike pricing and policymaker messaging can produce currency volatility that affects import costs for European and UK feed buyers. The article is market commentary without a new fundamental shock.
forex.caadminMar 31, 2022Not enough comparable past events yet for a historical read.
Not 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.
