According to analysts at Westpac, the Bank of England’s August decision is looking finely balanced after it has previously signalled a gradual modest tightening will be required over the next few years. Key Quotes “And since their previous decision, we’ve seen the unemployment rate remain low and a number of indicators have pointed to a firming in growth through the middle part of the year.” “However, the pace of growth remains muted. In addition, inflation has been easing back, with the core rate now down to 1.9%. On top of those factors, the political backdrop remains rocky, with Brexit casting a long shadow over the economy’s longer-term outlook.” “Given the lingering downside risks, we expect that the Bank of England will keep the Bank Rate on hold at its August meeting, and that they will maintain a gradual tightening bias.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD finds support near the 1.1600 handle FX Street 5 years According to analysts at Westpac, the Bank of England's August decision is looking finely balanced after it has previously signalled a gradual modest tightening will be required over the next few years. Key Quotes "And since their previous decision, we've seen the unemployment rate remain low and a number of indicators have pointed to a firming in growth through the middle part of the year." "However, the pace of growth remains muted. In addition, inflation has been easing back, with the core rate now down to 1.9%. On top of those factors, the political backdrop remains rocky, with Brexit casting… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
