Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
JPMorgan Sees ECB Raising Rates to 2.75% in December 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
ECB Rate Hike in Focus as Oil Tops $100 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
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Great Britain's CPI inflation has been close to zero for most of 2015 but is expected to rise in the beginning of this year as the effects of lower oil prices and the stronger GBP fade away, while medium-term inflation expectations remain around the target of 2 percent.
If the BoE hikes the rates in the second quarter of 2016, then the rate might gradually reach 2.25 percent by end of 2017.
"Our forecast is that the Bank of England will start to hike rates in Q2 2016" - Nordea Bank
The effect of a rate hike on the housing market and foreign flows and/or the risks of Brexit could weaken the GBP by the end of this year. Fed - BoE re-pricing is likely to set pace for the sterling in the forth coming months and the convergence is expected to strengthen the pair.
