9 Jul 2014
BoE rate call: Likely a non-event - FXStreet
FXStreet (Bali) - Valeria Bednarik , Chief Analyst with FXStreet, notes that Wednesday's BoE monetary policy decision is expected to be a non-event.
Key Quotes
"As usual, I expect the BOE meeting to be a non-event, with no changes in rates or the Assets Purchase Program to be announced this time. Minutes for the meeting will be released two weeks later, and market attention will focus again if there is some disident vote among members, vouching for a sooner rate hike. If that's the case, Pound will likely advance to fresh year highs against the greenback, on speculation the Bank will move rates higher before the year end."
Key Quotes
"As usual, I expect the BOE meeting to be a non-event, with no changes in rates or the Assets Purchase Program to be announced this time. Minutes for the meeting will be released two weeks later, and market attention will focus again if there is some disident vote among members, vouching for a sooner rate hike. If that's the case, Pound will likely advance to fresh year highs against the greenback, on speculation the Bank will move rates higher before the year end."