Stefan Koopman, Market Economist at Rabobank, expects the Bank of England to keep rates on hold at today’s meeting as the UK inflation has steadied in May, but the labour market offers a mixed picture. Key Quotes “The good news is that the strong pace of hiring indicates that the weakness in the GDP data is not the start of something more structural; the bad news is that the momentum in wage growth faded.” “Forward guidance is still a cornerstone of Carney’s policy, but the policy outlook has become data dependent. If the economic data holds up in the next month, we think the Bank sees enough reason to raise the Bank Rate to 0.75% in August.” “The statement and the minutes of this meeting could then be used to lay the groundwork; just a touch of hawkishness should be enough to get the message across.” 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 GBP/USD hangs near fresh YTD lows, BoE decision awaited FX Street 3 years Stefan Koopman, Market Economist at Rabobank, expects the Bank of England to keep rates on hold at today's meeting as the UK inflation has steadied in May, but the labour market offers a mixed picture. Key Quotes "The good news is that the strong pace of hiring indicates that the weakness in the GDP data is not the start of something more structural; the bad news is that the momentum in wage growth faded." "Forward guidance is still a cornerstone of Carney's policy, but the policy outlook has become data dependent. If the economic data holds up in the next… 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.
