BoE: Inflation outlook may not justify a rate hike - ING

Sandeep Kanihama FXStreet Contributor

According to ING analysts, BoE’s policymaker Silvana Tenreyro has backed the market's dovish expectations which indicates that the inflation outlook may not justify a rate hike.

Key Quotes

“The OIS curve was broadly stable on the comments. Meanwhile, former Prime Minister John Major has threatened a judicial review should Boris Johnson bypass parliament to force a no-deal exit.”

“The option of suspending parliament continues to face fierce opposition across UK politicians, which may keep no-deal Brexit probabilities in check for now. In turn, GBP may consolidate current gains versus the USD today, while holding below 0.90 against the euro.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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