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British Rate Hike in May Highly Likely, Strategist Says

Thursday, 10 Mar 2011 | 4:38 PM ET
British Pound
Adam Gault | Digital Vision | Getty Images
British Pound

The Bank of England held interest rates steady today, and the British pound felt the effects.

But "consensus is rapidly gathering itself around the idea" that "May is the month" for a rate hike, said Kit Juckes, global head of foreign exchange strategy at Societe Generale.

Juckes expects an increase right around the time the bank releases its latest inflation report, he said. Take a listen, right here. ...

BoE Likely to Raise Rates in May
Kit Juckes, global head of foreign exchange strategy at Societe Generale, expects the BoE to raise rates in May. He also assesses the upcoming changes to the MPC board.

























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