The Bank of England sets policy today at noon BST and analysts at TDS expect the MPC to keep policy on hold with a 7-2 vote, reiterating that rates need to rise “gradually” and “to a limited extent”. Key Quotes “By re-affirming their May forecast (and in doing so, confirming that the 18Q1 weakness was temporary), we think that the MPC will move one step closer to an August rate hike.” “Risks are generally balanced, with risks to the upside of a 6-3 vote, and to the downside of continued uncertainty over (in particular) production and trade data.” “Later in the day, Governor Carney and Chancellor Hammond both give their annual Mansion House speeches. Carney’s speech is scheduled for release at 21:15 BST, though it’s not clear if he’ll discuss monetary policy as the BoE’s blackout rules technically forbid discussing policy through to midnight.” 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 Gold Technical Analysis: confirms a fresh bearish breakdown FX Street 3 years The Bank of England sets policy today at noon BST and analysts at TDS expect the MPC to keep policy on hold with a 7-2 vote, reiterating that rates need to rise "gradually" and "to a limited extent". Key Quotes "By re-affirming their May forecast (and in doing so, confirming that the 18Q1 weakness was temporary), we think that the MPC will move one step closer to an August rate hike." "Risks are generally balanced, with risks to the upside of a 6-3 vote, and to the downside of continued uncertainty over (in particular) production and trade data." "Later in… 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.
