BoE Preview: A swing from 6-3 to 9-0 could put the brakes on Sterling – SocGen

Pound Sterling (GBP) is the best performer in G10 in January. Economists at Société Générale analyze GBP outlook ahead of the Bank of England (BoE) meeting.

MPC vote could impact Sterling

Suspense around the BoE decision on Thursday revolves around the vote: will three Monetary Policy Committee (MPC) hawks maintain their call for higher rates or cede ground and realign with the majority for no change?

A swing from 6-3 to 9-0 could put the brakes on Sterling and spark a rebound in EUR/GBP from the lowest levels since August 2022.