According to analysts from Danske Bank, expect Bank of England interest rates to be neutral for the pound in the near-term. They see Brexit as the key driver. Key Quotes: “As expected, the Bank of England meeting did not cause any significant reaction in EUR/GBP. The market is pricing the next full 25bp hike in the UK to arrive in November 2019, which is relatively dovish compared with our call for a hike in May 2019. However, given the uncertainty surrounding Brexit, we see little prospect of a repricing of the Bank of England. Hence, in our view, UK interest is set to remain neutral for GBP in the near term.” “Instead, we expect Brexit to remain the key driver and source of volatility for the GBP until a deal is reached. In our base case, we target EUR/GBP at 0.83 in 3M, assuming that a decent Brexit is reached within the period.” 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 US: Manufacturing remains strong, but cracks beginning to show – Wells Fargo FX Street 4 years According to analysts from Danske Bank, expect Bank of England interest rates to be neutral for the pound in the near-term. They see Brexit as the key driver. Key Quotes: "As expected, the Bank of England meeting did not cause any significant reaction in EUR/GBP. The market is pricing the next full 25bp hike in the UK to arrive in November 2019, which is relatively dovish compared with our call for a hike in May 2019. However, given the uncertainty surrounding Brexit, we see little prospect of a repricing of the Bank of England. Hence, in our view,… 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.
