BoE rate hikes: Is a recession on the horizon for the UK? | Michael Kramer
Channel: CMC Markets plc
Date: 2023-06-21

The UK's CPI figures exceeded expectations, with an 8.7% year-over-year increase and a 0/7% month-over-month increase. Core CPI also surpassed expectations at 7.1%, suggesting that the Bank of England (BoE) may continue to raise rates. Michael Kramer, founder of Mott Capital Management, offers his views about how the BoE’s decision could affect GBP/USD and the FTSE 100.

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