HSBC have been upped their year end forecasts for cable and now see two hikes next year

  • See GBPUSD at 1.3500 end of 2017 vs 1.2000 prior
  • 2018 1.2600
  • Now sees two 0.25% BOE rate hikes by end of 2018 vs none prior
  • Sees hikes coming Nov 2017 and May 2018
  • Forecast change due too more hawkish BOE and cyclical forces

Everyone is getting on the hike bandwagon after a hawkish BOE MPC meeting last week.

Si Heath
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