Rabobank analysts point out that as per expectations, the Bank of England MPC kept rates unchanged at 0.75% and the vote was unanimous. Key Quotes “The forward guidance was left untouched as well. The MPC still judges that a tightening of monetary policy at a gradual pace and to a limited extent would be appropriate, if the economy develops in line with the projections as set out in February.” “These projections are based on a smooth transition towards a new trading relationship with the European Union. Given the huge uncertainties surrounding both the nature and the timing of Brexit, these need to be updated once clarity emerges.” “Significant parts of the minutes were devoted to Brexit and its effects on business investment.” “The implied probability of a rate hike before the end of the year has dropped even further, but this is primarily related to yesterday’s FOMC decision.” “The market is rightly questioning whether the BoE dares to go against the Fed. We expect the MPC to sit tight for a while and forecast no rate hikes for the remainder of this year.” 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 US Dollar Index struggles for direction near 96.30 ahead of US data FX Street 4 years Rabobank analysts point out that as per expectations, the Bank of England MPC kept rates unchanged at 0.75% and the vote was unanimous. Key Quotes "The forward guidance was left untouched as well. The MPC still judges that a tightening of monetary policy at a gradual pace and to a limited extent would be appropriate, if the economy develops in line with the projections as set out in February." "These projections are based on a smooth transition towards a new trading relationship with the European Union. Given the huge uncertainties surrounding both the nature and the timing of Brexit, these… 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.
