Analysts at TD Securities explained that they expect a 9-0 vote for no change, as the BoE sits on the sidelines until Brexit clarity emerges. Key Quotes: “The new forecasts are likely to show relatively little change. The MPC is likely comfortable with the current slope of the yield curve, which shows about one hike priced in for 2019.” “Rates: Markets are currently pricing a full 25bp rate hike by the BoE only by Q1 20. Against the backdrop of the dovish market pricing, we favour paying GBP OIS 1y1y. Another way of expressing this view is via short sterling steepeners (L H9-L H0 steepeners).” “FX: GBP is oversold, making it vulnerable to a hawkish surprise. But with little expected from the BOE, a catalyst for a reversal will depend on Brexit and broad USD tone. This will require more patience.” 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 NZD/USD steadies above mid-0.65s ahead of ANZ’s sentiment data FX Street 4 years Analysts at TD Securities explained that they expect a 9-0 vote for no change, as the BoE sits on the sidelines until Brexit clarity emerges. Key Quotes: "The new forecasts are likely to show relatively little change. The MPC is likely comfortable with the current slope of the yield curve, which shows about one hike priced in for 2019." "Rates: Markets are currently pricing a full 25bp rate hike by the BoE only by Q1 20. Against the backdrop of the dovish market pricing, we favour paying GBP OIS 1y1y. Another way of expressing this view is via short sterling… 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.
