Previewing next week's, September 19, Bank of England (BoE) meeting, TD Securities analysts argued that it was impossible for the BoE to act one way or another "until the road to Brexit becomes clearer."
"We do not expect the BoE to provide a strong directional cue for sterling as Brexit concerns dominate. Here, we return to a sell-on-rallies posture as news flow looks likely to turn more negative again."
"Rates space should see a muted response to the upcoming BoE meeting. From a tactical perspective, we continue to hold a steepening bias for the 2s10s/5s10s curve."
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.