Today is FOMC. Thursday brings the Bank of England - here's a preview.

Blanche

19 Jun 2019, 13:52 · Views 2,625

Coming up on 20 June 2019 is the Bank of England's Monetary Policy Committee decision.

Some thoughts on what to expect.

Via Citi:

The BOE raised GDP expectations across the forecast horizon earlier. A Brexit deal (or longer extension) is a likely precondition to any hike in 2019. However, the political backdrop remains the biggest risk to GBP
We no longer see a Bank Rate hike in August or indeed this year as likely, as no-deal could become a bigger risk quickly, with the dovish wind blowing through global monetary policy. This will likely be GBP-negative

Via Rabobank

vote is likely to be unanimous
even as a number of influential MPC members have made some relatively hawkish speeches recently
hawks are focusing on decent wage growth amid low unemployment, but the warnings with regards to rate increases are falling on deaf ears
The downside risks resulting from Brexit and trade uncertainties outweigh the upside risks of slightly elevated domestic price pressures
We forecast no rate hikes for this year and next

Earlier:

Reprinted from Forexlive，the copyright all reserved by the original author.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com