BOE to stand pat this Thursday - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offers a sneak peek at what to expect from the Bank of England (BOE) ‘Super Thursday’.

Key Quotes:

“We expect the BoE to largely repeat the message of the May inflation report, ie, waiting for the data to confirm its forecasts.

In our view, data published since the May IR do not call for any change in tone as they came in either in line or on the soft side.

Accordingly, we expect the rate to remain at 0.50% (con.: 0.50%), the split in the MPC on rates to remain (7-2 for status quo).”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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