# HSBC: BoE Rate Hikes Unlikely To Boost Sterling, Overvalued Pound To Dollar Rate To Lose Ground

> HSBC maintains a bearish view on sterling, arguing that recent pound gains came from a squeeze on dollar longs rather than genuine demand. The bank expects GBP/USD to track lower toward 1.3400 even as the BoE raises rates.

- Date: 2022-01-26 · published 2022-01-26T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/43380-hsbc-boe-rate-hikes-unlikely-to-boost-sterling-overvalued-pound-to-dollar-rate
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a currency forecast with no direct link to grain, oilseed or feed supply and demand, so price implications for feed are negligible.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/34931/2022-01-26-hsbc-boe-rate-hikes-unlikely-to-boost-sterling-overvalued-pound-to-dollar-rate-to-lose-ground.html

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