• BoE expected to keep policy unchanged – TDS

Market news

18 December 2019

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."

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.