BoE could hike in November – Danske Bank

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”.