Bloomberg quoting latest HSBC client note from economist Simon Wells
- still expects first hike in Feb 2016 as long as Fed lifts in Dec which we expect
- two further rises from BOE in 2017
- forecasts mean BOE may need to look at more monetary policy tools as power on interest rate cuts is permanently blunted. Expects debate on this among global CBs to pick up
HSBC still hanging their hat on a Dec Fed rate hike
GBPUSD still enjoying the session and now chewed through 1.5360 offers but EURGBP has demand at 0.7400 to temper further gains
