BoE: MPC unanimously voted to leave policy on hold - TDS
|Analysts at TD Securities note that as widely expected, the Bank of England's MPC unanimously voted to leave policy on hold today.
Key Quotes
“It acknowledged that the economy has evolved broadly in line with its August Inflation Report forecast, upgrading its nowcast for 18Q3 growth but flagging increasing worries about trade tensions on global growth.”
“FX: As expected, the September MPC meeting did not provide a large directional push for the GBP. Political risks remain the main focus and these are building to another near-term peak. This leaves us cautious and reluctant to embrace a bullish view on sterling, but we note the GBP looks increasingly vulnerable to a short-squeeze.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.