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- BoE expected to keep policy unchanged – TDS
BoE expected to keep policy unchanged – TDS
Analysts at TD Securities are expecting the BoE to keep its policy stance unchanged with another 7-2 vote.
- "The macro data has deteriorated further, but there's a firm hope that as political uncertainty lifts, UK growth will pick up. The recent US-China deal also reduces the downside tail.
- FX: Politics rather than monetary policy remains the focus for GBP as its post-election honeymoon was cut short. Our base case suggests sterling should remain steady, but we think GBP may show only a limited reaction in either direction even on a more surprising outcome."
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