BoE to keep policy on hold - TDS

Analysts at TD Securities expect a 9-0 MPC vote to keep BoE’s policy on hold Thursday and retain a cautious tone on the pace of future tightening.

Key Quotes

“Macro data continues to support the August projections. Once political uncertainty has dissipated by March 2019, the BoE should deliver two hikes in 2019.”

“Given recent moves in short sterling, the front-end could see yields tick down on an uneventful BoE.”

FX: Our base case implies modest downward pressure on GBP after a decent run in recent weeks. A largely unchanged outcome suggests sterling will remain contained within recent ranges as investors remain focused on larger concerns elsewhere.”

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.