eFXdata reports that Bank of America discusses its expectations for this week's BoE policy meeting.
"We expect little news from the Bank of England (BoE) policy meeting and a unanimous vote to keep policy on hold. Brexit news remains the potential near-term catalyst for a change at the BoE. If markets become jittery, the BoE could increase the QE purchase pace at short notice. We would expect rate cuts into negative territory in a no-deal scenario, but that would need to wait until February we suspect," BofA notes.
"GBP remains fixated by Brexit. Fundamentals will have to wait until 2021 as a driver for GBP," BofA adds.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.