16 Sep 2014
BoE Minutes ahead of Scottish vote - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman reminds us that the Minutes from the recent MPC meeting will be released tomorrow.
Key Quotes
"There were two dissents in favor of immediate hikes in August, but they most likely did not gain any traction."
"It is generally recognized that should Scotland vote for independence, the economic shock could delay the BOE rate hike that many see in Q1 15. We are less sanguine about the immediate economic impact as a deep erosion in sterling could impact the trajectory of prices."
Key Quotes
"There were two dissents in favor of immediate hikes in August, but they most likely did not gain any traction."
"It is generally recognized that should Scotland vote for independence, the economic shock could delay the BOE rate hike that many see in Q1 15. We are less sanguine about the immediate economic impact as a deep erosion in sterling could impact the trajectory of prices."