HSBC's Major Says Rate Expectation Matters for BOE

The transcript discusses the Bank of England's unexpected rate hikes and their impact on Sterling. It highlights the role of market expectations and the potential for future hikes. The conversation also touches on the influence of political factors like Brexit and the current account deficit on Sterling. The speakers debate whether the Bank of England will continue with more hikes or if the current strategy is sufficient to manage inflation and economic stability.

What mistake did the speaker mention regarding their expectations about the Bank of England's actions?

What does the speaker imply about the future of interest rates and inflation?

What is the significance of the Phillips curve according to the speaker?

How does the speaker describe the relationship between sterling and political issues?

In what way does the speaker suggest that the Bank of England is trying to influence market expectations?