Analysts at TDS note that the BoE MPC voted 6-3 to keep policy on hold at today’s meeting, with Chief Economist Andy Haldane joining the previous two dissenters. Key Quotes “The accompanying minutes revealed that incoming data was viewed to be in line with their May forecast, and our conviction of an August hike to Bank Rate is even further strengthened.” “The MPC also signaled that they will start to run down their QE balance sheet once Bank Rate hits 1.5%, which we expect to happen in 2020H1.” “FX: The one-two punch of the vote count and QE guidance has offered some intraday tailwinds to GBP. It screens cheap to cyclical drivers but data and Brexit votes offer some caution on the potential upside in immediate future. Technically, a close above 1.3220 increases the scope for a modest grind higher, though we prefer topside exposure to crosses like GBPCAD.” 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 Fed’s Kashkari: Fed has been surprised by low wage growth and inflation FX Street 3 years Analysts at TDS note that the BoE MPC voted 6-3 to keep policy on hold at today's meeting, with Chief Economist Andy Haldane joining the previous two dissenters. Key Quotes "The accompanying minutes revealed that incoming data was viewed to be in line with their May forecast, and our conviction of an August hike to Bank Rate is even further strengthened." "The MPC also signaled that they will start to run down their QE balance sheet once Bank Rate hits 1.5%, which we expect to happen in 2020H1." "FX: The one-two punch of the vote count and QE guidance has… 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.
