Pound falls as BOE keeps rates on hold and lowers CPI/GDP forec
Brexit - expecting smooth transition
6-2 for unchanged rates & 8-0 for unchanged QE at GBP435B
TFS to be discontinued end of Feb 2018 (8-0)
MPC now expect two rather than one hike over forecast horizon
Currency depreciation effect seen having continued upward influence on inflation
Household consumption could be higher than assumed in May Report
Global economic buoyancy offsetting domestic uncertainty
McCafferty & Saunders voted for rate rise of 25bp
Trade off is seen eliminated over forecast horizon
All on MPC agree rise in Bank rate should be 'gradual' and 'limited'
GBP bulls will be happy to buy dips for the moment as much as bears like me will continue to play from the short side.
6-2 for unchanged rates & 8-0 for unchanged QE at GBP435B
TFS to be discontinued end of Feb 2018 (8-0)
MPC now expect two rather than one hike over forecast horizon
Currency depreciation effect seen having continued upward influence on inflation
Household consumption could be higher than assumed in May Report
Global economic buoyancy offsetting domestic uncertainty
McCafferty & Saunders voted for rate rise of 25bp
Trade off is seen eliminated over forecast horizon
All on MPC agree rise in Bank rate should be 'gradual' and 'limited'
GBP bulls will be happy to buy dips for the moment as much as bears like me will continue to play from the short side.
