BoE Preview: A dovish-leaning outcome should propel EUR/GBP above 0.87 – Scotiabank

FXStreet Insights Team FXStreet

Economists at Scotiabank analyze GBP outlook ahead of the BoE policy decision.

Initial GBP reaction may reflect how deep – or not – the dissent runs on the MPC

The Bank is expected to hold its key rate at 5.25% although the decision may reflect some dissent with up to 3 of the 9 policy makers voting for a hike.

The initial GBP reaction may reflect how deep – or not – the dissent runs on the MPC today.

A dovish-leaning outcome should drive a bit more GBP underperformance on the crosses (EUR/GBP above 0.87).

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FXStreet Insights Team

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