Global FX Daily - Poker of central banks with the BoE delivering the biggest hawkish surprise -BBVA Market Strategy

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2021/12/17

Global FX Daily – Poker of central banks with the BoE delivering the biggest hawkish surprise

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- EURUSD set to consolidate above 1.13 after the ECB sounds cautious about inflation
- Sterling enjoys tailwinds after the BoE hike
- LatAm FX finds some comfort on a weaker USD; weekend and year-end squaring may limit rebound
- Banxico delivers a more hawkish response, hikes 50bp; MXN gets a mild boost

Global FX Daily – Poker of central banks with the BoE delivering the biggest hawkish surprise

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