Flash: Rate hike disappointment weighs on GBP – FXStreet

FXStreet (Edinburgh) - The outlook for the GBP remains bearish, according to Ross Burland, Analyst and Editor at FXStreet.

Key Quotes

“The pound was also undermined yesterday by comments from the BoE Deputy Governor Bean who stated that further pound strength would not be helpful for exports and desired economic rebalancing in the UK”.

“The BoE would say in their defence that of course rates would not go up several times over night, and it may take many years, but if you ask me, it probably isn't really down them to dictate when rates are going to 'shoot up'.”