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.
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