18 Sep 2013
Flash: GBP benefits on BoE - TD Securities
FXstreet.com (London) - Research teams at TD Securities explained the BoE Minutes acknowledge a better outlook.
Key Quotes:
“The BoE Minutes held a slightly upbeat tone stating that “over the month evidence was consistent with a recovery at least as strong as that expected at the time of the August Inflation Report”, backing this up by upgrading their Q3 GDP forecast from 0.5% to 0.7% and stating that “early indicators for activity in Q4 tentatively suggested further strengthening towards the end of the year.""
"Although the Bank didn’t rule out further asset purchases if data deteriorated, “no member judged that further stimulus was appropriate at present” and both the votes to maintain interest rates at 0.5% and against re-starting asset purchases were unanimous”.
Key Quotes:
“The BoE Minutes held a slightly upbeat tone stating that “over the month evidence was consistent with a recovery at least as strong as that expected at the time of the August Inflation Report”, backing this up by upgrading their Q3 GDP forecast from 0.5% to 0.7% and stating that “early indicators for activity in Q4 tentatively suggested further strengthening towards the end of the year.""
"Although the Bank didn’t rule out further asset purchases if data deteriorated, “no member judged that further stimulus was appropriate at present” and both the votes to maintain interest rates at 0.5% and against re-starting asset purchases were unanimous”.