BoE looking trigger happy – UOB

FXStreet (Guatemala) – Analysts at UOB Group noted that the focus on Wednesday was on the release of the BoE MPC minutes, which showed the decision between hiking the base rate and leaving it unchanged at the current juncture was becoming more finely balanced for a number of members.

Key Quotes:

“This shows a change from the several previous statements, which used to show the policy decision was finely balanced only for two members.”

“Overall, this reflects the more hawkish tone adopted by BoE Governor Mark Carney in recent speeches. We think the vote in August could be close, but we look for the majority to pull the trigger earliest in November.”

Analysts at UOB Group noted that the focus on Wednesday was on the release of the BoE MPC minutes, which showed the decision between hiking the base rate and leaving it unchanged at the current juncture was becoming more finely balanced for a number of members.

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