BoE Review: Slow and steady – Danske Bank
As expected, the Bank of England (BoE) decided to keep the Bank Rate unchanged at 4.50% today. The vote split had a hawkish twist to it with 8 members voting for an unchanged decision and Dhingra voting for a 25bp cut, Danske Bank's analyst Kirstine Kundby-Nielsen reports.
Gilt yields track slightly higher
"As expected, the BoE today kept the Bank Rate unchanged at 4.50%. The vote split was slightly to the hawkish side but we do not see this as a broad shift in sentiment within the MPC."
"Overall, the statement revealed that BoE still favours a 'gradual' and 'careful' approach to easing monetary policy whilst highlighting heightened uncertainty."
"The market reaction was modest with Gilt yields tracking slightly higher and EUR/GBP moving lower on the hawkish vote split."
Forex News
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.
