Analysts at Rabobank note the Bank of England's (BoE) MPC kept rates unchanged at 0.75% and there was again a dovish vote split as Michael Saunders and Jonathan Haskel voted for a 25 bps cut.

• "Yet the majority of the MPC found it too early to judge "how material" the outcome of the election would be for their outlook.
• We don't think that the economic uncertainty around a disruptive change to the UK's trading relationships is unlikely to vanish anytime soon.
• As Brexit will continue to cast its shadow on the UK economic outlook, we expect two rate cuts in 2020."