Talking Points: ** Rate expectations for the UK have swelled the past months, driving GBPUSD and the sterling higher ** Fears of a triple dip UK recession and BoE rate cut in early 2013 have shifted to growth and hike hope ** Key data in the next 48 hours can help set the UK's place in the global monetary policy scheme Much of the attention on monetary policy speculation has focused on the Fed Taper or BoJ stimulus upgrade. But speculation may be more mature for the BoE and pound . Where the central bank was expected to respond to an impending triple-dip recession with more stimulus in early 2013, the market is now trying to determine when the first hike will come...and the expectations are ambitious. Given the aggressive, hawkish lean by the market; there may not be much room for traders to entertain doubt without seeing the pound correct sharply. We discuss this balance and important, upcoming data (inflation, employment) data in today's Strategy Video.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?