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BOE PREVIEW: POUND STERLING COULD BENEFIT SOMEWHAT FROM A FAIRLY QUIET MEETING – COMMERZBANK

amking
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Economists at Commerzbank analyze how the Bank of England’s (BoE) policy decision could impact the Pound Sterling (GBP).

Expectations have shifted somewhat towards a dovish surprise

Presumably, the decision will not bring much news. After all, there will be no press conference and no new forecasts will be released. And a change in the key interest rate is also very unlikely.

It may be that after Wednesday's rather low inflation figures, expectations have shifted somewhat towards a dovish surprise. If this is the case, and the BoE delivers as we expect, the Pound could benefit somewhat again.

 


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