Analysts at TD Securities are looking for the UK construction PMI to come in unchanged at 53.1 in July (mkt 52.8), seeing some stability after a volatile first half of the year. Key Quotes “More importantly for markets, the Bank of England meets today to set policy, and we and the market expect a 25bps hike to Bank Rate, bringing it to a nearly 10-year high of 0.75%.” “We expect an 8-1 vote in favour of a hike, but such a strong majority in favour should be relatively unimportant for future policy prospects as we think the MPC is comfortable with markets expecting a pause until well into 2019 (we expect the next hike in May-19).” “What will be more telling will be the Bank’s first ever publication of an estimate of the neutral rate, and how the MPC characterises the speed of convergence toward it.” 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 EUR/USD Technical Analysis: Stays sidelined near term. Imminent breakout of the pennant pattern FX Street 5 years Analysts at TD Securities are looking for the UK construction PMI to come in unchanged at 53.1 in July (mkt 52.8), seeing some stability after a volatile first half of the year. Key Quotes "More importantly for markets, the Bank of England meets today to set policy, and we and the market expect a 25bps hike to Bank Rate, bringing it to a nearly 10-year high of 0.75%." "We expect an 8-1 vote in favour of a hike, but such a strong majority in favour should be relatively unimportant for future policy prospects as we think the MPC is comfortable… 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.
