Analysts at TD Securities and markets unanimously expect the Bank of England to unanimously leave policy on hold next week, signalling little change in their outlook from the recent August meeting.
Key Quotes
“At most, risks of a softer 2018H2 might get flagged, but otherwise the communication will be focused on gradual rate hikes but heightened uncertainty over Brexit. The MPC seems comfortable with market pricing of one rate hike per year.”
“We do not expect a large market reaction in the wake of this month’s MPC meeting.”
“Meanwhile, the GBP is likely to be more heavily influenced by events elsewhere, including Thursday’s ECB. This leaves us expecting sterling to remain confined to familiar ranges.”
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