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- GBP: No drama expected from BoE - BofA
GBP: No drama expected from BoE - BofA
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.
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