GBP/USD: BoE hawkish tilt underpins Pound – ING

ING’s Francesco Pesole notes that the Bank of England surprised markets with a unanimous hold and strong guidance that it is ready to act against any inflation spike. Markets added substantial tightening by year-end, though ING views this as too aggressive. ING’s Francesco Pesole notes that the Bank of England surprised markets with a unanimous hold and strong… ING’s Francesco Pesole notes that the Bank of England surprised markets with a unanimous hold and strong guidance that it is ready to act against any inflation spike. Markets added substantial tightening by year-end, though ING views this as too aggressive. ING’s Francesco Pesole notes that the Bank of England surprised markets with a unanimous hold and strong guidance that it is ready to act against any inflation spike. Markets added substantial tightening by year-end, though ING views this as too aggressive. The repricing has stabilised EUR/GBP, while GBP/USD remains driven mainly by Oil but supported by the BoE’s hawkish stance.BoE repricing backs Pound but oil still key"The Bank of England… 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.