XE Market Analysis: Sterling Jumps on MPC Vote, with Haldane Now Voting to Hike

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OVERVIEW

  • Sterling rebounds following MPC vote and renewed expectations of a rate hike.
  • USD weakens after a sharp drop in Philly Fed Index.
  • Euro recovered from weakest level since July 2017.

HIGHLIGHT

The Pound stabilizes against the USD as expectations of a rate hike this year from BOE come back into play. The focus will shift to the EU summit on the 28/29th of June.