The analysis team at Deutsche Bank suggest that today we will see the BoE meeting at lunchtime and neither they nor the market are expecting any policy changes with rising external risks and lack of clarity on a transition deal.
Key Quotes
“Our UK economists do expect Governor Carney to talk up market pricing of a rate hike next year on the back of stronger wage and output growth in Q3 which should make him sound marginally hawkish. As far as the inflation report is concerned only marginal tweaks are likely compared to the September forecasts.”
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