Analysts at TD Securities suggest that the BoE publishes its analysis on the Withdrawal Agreement at 4:30pm GMT, in addition to the semi-annual Financial Stability Report and are going to be the key economic releases for the day.
Key Quotes
“In it, the Bank is likely to summarise its view on how the WA is expected to affect the UK economy, relative to no-Brexit and no-deal scenarios. What’s not clear is if the BoE will discuss policy responses to the scenarios. If they do, expect a no-deal scenario to emphasise uncertainty over policy direction, with a rate hike potentially on the cards, as the MPC has previously said.”
“Alongside this publication, the Bank of England also releases its semi-annual Financial Stability Report and the results of the annual Stress Tests. A press conference follows at 4:45pm. The FSR content will likely be heavily skewed toward Brexit risks. The Treasury is also due to publish its own Brexit scenario analysis on Wednesday.”
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