GBP/USD to tick down if UK CPI miss reduces odds of BoE hikes – OCBC

Bank of England’s (BoE) expectations (as viewed via SONIA futures) and the GBP took a dip after the leave out in UK CPI on Wednesday. GBP/USD may additionally pass downward if this view persist, economists at OCBC Bank report.

1.3850 to cap the cable
“The GBP may additionally fighting ought to the UK CPI omit flip into a catalyst for the market to flip greater sane over predicted BoE fee hikes.”

“1.3850 ought to cap the GBP/USD for now.”

“First draw back goals at 1.3700/10.”