Sterling rose in the course of trading during the night after the latest report from NIESR, which predicts three rate hikes in the Bank of England this year. Apparently it does not coincide with the opinion of Martin Weyl, former head of the NIESR, and now a member of the Monetary Committee, which voted for the rate hike as early as this January. In addition, the note, they urged the government to restrain enthusiasm in a tightening of fiscal policy this year, giving the bank more room for maneuver of rate hikes. At the same time it seems that the Government would not deviate from the course of fiscal consolidation. 
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