The dovish tint economists at TD Securities expect offers GBP some headwinds, but they do not expect a large directional reaction. Here are three different scenarios at its implications for the GBP/USD and EUR/GBP pairs. See – Bank of England Preview: Eight major banks expectations Key quotes “Hawkish (15%): Confident in August forecasts. Policy unchanged with a 9-0 vote. Minutes show that while ‘some’ MPC members see downside risks to the growth projections laid out in August, the majority of the MPC still views the forecasts as a reasonable base case. GBP/USD 1.3015 EUR/GBP 0.9115” “Base Case (60%): Growing downside risks. Policy unchanged with a 9-0 vote. Minutes show growing concern around downside risks to August growth outlook, and less confidence that recovery will be as swift as had been expected. More worries about longer-term impacts on growth and inflation. No specific hints about QE past year-end as we believe that the MPC will wait until the November MPR meeting to make that announcement. GBP/USD 1.2840 EUR/GBP 0.9235” “Dovish (25%): Some dissent to extend QE. Policy unchanged with 7-2/6-3 vote as Saunders, Haskel, and possibly Vlieghe vote for an additional £50 B QE. GBP/USD 1.2795 EUR/GBP 0.9270” 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 Ethereum Price Analysis: ETH fundamentals imply that something big is brewing FX Street 1 year The dovish tint economists at TD Securities expect offers GBP some headwinds, but they do not expect a large directional reaction. Here are three different scenarios at its implications for the GBP/USD and EUR/GBP pairs. See – Bank of England Preview: Eight major banks expectations Key quotes “Hawkish (15%): Confident in August forecasts. Policy unchanged with a 9-0 vote. Minutes show that while ‘some’ MPC members see downside risks to the growth projections laid out in August, the majority of the MPC still views the forecasts as a reasonable base case. GBP/USD 1.3015 EUR/GBP 0.9115” “Base Case (60%): Growing downside risks.… 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.
