Analysts at TD Securities point out that BoE Deputy Governor Jon Cunliffe speaks to the Cumbria Chamber of Commerce at noon BST and they'll be looking carefully for any signals that he might vote for a rate hike in August.
“At this point, it takes only two more MPC members to join the three June dissenters to hike rates, and it sounds like Governor Carney is already in that camp. A positive tone from Cunliffe should, therefore, reinforce a rate hike next month.”
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 securities. 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 Forex 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.