Nomura Says BOE Set to Hike in May Amid 3% Inflation

The video discusses recent hawkish messages from key figures and the expectation of a rate hike in May. The market has been pricing in these changes, with inflation expected to decline. Despite this, the pound has not moved significantly due to market expectations. The discussion also covers the Bank of England's forecasts and the potential impact on sterling. The video concludes with insights on market positioning and the potential for political risks affecting the economic outlook.

What are the implications of the expected two hikes on the market according to the speaker?

What potential political event is mentioned that could affect the market?