Analysts at TD Securities point out that the BoE Deputy Governor Broadbent will speak at 6pm BST on the history and future of QE and will be a key event for today’s session.
Key Quotes
“We think it’s unlikely that he delivers any clear hints about the August rate decision, unless there’s a feeling on the MPC that market pricing is not consistent at all with where they’re leaning.”
“Broadbent’s remarks may be interesting though for what he says on the future of QE, and any indication around how the BoE will treat its balance sheet going forward.”
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