BOE to remain on hold, hint at future easing – Scotiabank
|
Analysts at Scotiabank are out with a brief preview of Thursday’s Bank of England (BOE) monetary policy decision due at 1100 GMT.
Key quotes
“In between a series of macro reports, the Bank of England is expected to remain on hold for now, but its guidance could intensify speculation toward future easing. OIS markets have only a few basis points of a potential cut priced in through to year-end.”
“Key may be signs of dissent in the composition of the MPC vote that may raise easing speculation.”
“The BOE may wish to largely stay out of the fray in terms of possible Brexit developments over the course of the week and be more reactive than proactive to possible developments.”
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.