FXStreet (Edinburgh) – Chief Analyst at Danske Bank Allan von Mehren sees the ‘Old Lady’ hiking rates in November.
Key Quotes
“Minutes from the latest meeting in Bank of England on 9 July will likely reveal an increased sentiment towards raising rates soon”.
“Comments from a wide range of MPC members have turned more hawkish in the past weeks signalling that a rate hike is moving closer”.
“The market is not pricing the first hike until around March next year. We look for BoE to lift rates in November”.
(Market News Provided by FXstreet)