The BoE back in the limelight next week – TDS

The Rates, FX and Commodities Strategy team at TD Securities have noted the relevance of the upcoming BoE meeting in light of the recent ‘Brexit’ vote.

Key Quotes

“The Bank of England's MPC meets for the first time since the Leave vote”.

“While uncertainty remains elevated on the precise timing and instruments they will use, one thing is clear: monetary policy must be eased”.

“We think odds favour an initial 25bps cut at this week's meeting, with signals for further (and possibly more creative) policy in August and beyond, which could come across as dovish. The record of the FPC's recent meeting will also be released on Tuesday”.