Will BoE Chief Economist Andy Haldane’s hawkish talk translate into a rate hike later this year? Jeremy Stretch, Head of G-10 FX at CIBC believes that Haldane’s hawkish view is based on BOE’s growth forecasts, which appear to be a little too optimistic. If the forecasts are revised lower, it would remove the justification for Haldane’ rate hike call, he adds.
The economic uncertainty and political risks are still at very extreme levels, hence there is good reason for the bank to run accommodation, says Stretch. Watch the full segment as Stretch and Trade.com Chief Economist Bill Hubard discuss the outlook for – GBP/USD, EUR/USD, EUR/GBP and USD/CAD.