GBP/USD: BoE expectations are firm a prop to the bulls - Scotiabank

Analysts at Scotiabank noted that sterling is extending its modestly bullish month-to-date trend. 

Key Quotes:

"This week’s domestic calendar includes Wednesday’s trade and industrial production releases."

"Bank of England rate expectations are firm, with OIS pricing 22bpts of tightening for May and over 40bpts of tightening by the end of the year."

"Chief Economist Haldane speaks on Tuesday and MPC member Broadbent speaks Wednesday. Both voted for a hold at the last meeting on March 21."