“We have changed our Bank of England view, and now no longer expect a rate hike in May,” Rabobank analysts wrote in a recently published report. Key quotes “The UK economy is holding up relatively well and domestic cost pressures are rising, even as it faces Brexit uncertainties and strong global headwinds. But as we’ve emphasised previously, the Bank’s ability to hike interest rates depends on what happens in Westminster. Unfortunately, that’s not much at all.” “If these uncertainties re. Britain’s withdrawal eventually dissipate, as we still expect, the MPC may re-find the confidence to talk about rising rates in the second half of the year.” “But with the risk of a US recession in 2020 then looking imminent and the Fed looking at rate cuts rather than hikes, the Bank is at serious risk of being stuck in the same boat as the ECB. Our below-consensus and below-market view implies that the risks are to the upside.” 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 EUR/GBP on the approach to the key 0.8620 support area on Brexit sentiment FX Street 4 years "We have changed our Bank of England view, and now no longer expect a rate hike in May," Rabobank analysts wrote in a recently published report. Key quotes "The UK economy is holding up relatively well and domestic cost pressures are rising, even as it faces Brexit uncertainties and strong global headwinds. But as we've emphasised previously, the Bank's ability to hike interest rates depends on what happens in Westminster. Unfortunately, that's not much at all." "If these uncertainties re. Britain's withdrawal eventually dissipate, as we still expect, the MPC may re-find the confidence to talk about rising rates in… 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.
