GBP: Repricing risks into spring – Rabobank

Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been the second best performing G10 currency after the Dollar since the Middle East conflict, driven by a sharp repricing of Bank of England (BoE) policy expectations. Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been the second best performing G10 currency after the… Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been the second best performing G10 currency after the Dollar since the Middle East conflict, driven by a sharp repricing of Bank of England (BoE) policy expectations. Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been the second best performing G10 currency after the Dollar since the Middle East conflict, driven by a sharp repricing of Bank of England (BoE) policy expectations. Rabobank economist Stefan Koopman now sees risk of only one BoE hike, potentially in April, and the bank expects EUR/GBP to move toward 0.87–0.88 over 3–6 months as UK growth and stagflation… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.