Analysts at Nomura think that with yesterday’s comments from BoE were deliberately aimed at moving market pricing from below to above a 50% chance of a hike in August. Key Quotes “On three counts BoE policy announcement was tilted to the hawkish side: i) the voting pattern, with chief economist Andy Haldane lending his voice to a hike, making it a 6-3 split, ii) the MPC’s clear optimism that the softness in the data in H1 was temporary and iii) the Bank’s revised guidance that it intends to reduce QE only when interest rates reach a lower threshold of 1.50% (rather than 2.00% previously).” “The result is that the market now sees around a two-thirds probability of a 25bp hike on 2 August. There are much data to come between now and then – and the Bank has been clear that it is in data-dependent mode (“were the economy to develop broadly in line with the May Inflation Report projections, an ongoing tightening of monetary policy over the forecast period would be appropriate”).” 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 USD is in good shape – Westpac FX Street 3 years Analysts at Nomura think that with yesterday's comments from BoE were deliberately aimed at moving market pricing from below to above a 50% chance of a hike in August. Key Quotes "On three counts BoE policy announcement was tilted to the hawkish side: i) the voting pattern, with chief economist Andy Haldane lending his voice to a hike, making it a 6-3 split, ii) the MPC's clear optimism that the softness in the data in H1 was temporary and iii) the Bank's revised guidance that it intends to reduce QE only when interest rates reach a lower threshold of 1.50%… Top 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.
