BOE: Market seems divided - BBH

Research Team at BBH, notes that the BOE meets tomorrow, and the market seems divided. 

Key Quotes

“If anything, the last minute shifts may be away from a cut given the stabilization of sterling.  In some ways, the political uncertainty has been lifted with May set to replace Cameron.  Yet in other ways, the political uncertainty (snap election while Labour is having its own internal issues? Brexit czar?) is multi-dimensional.

There are many who doubt that Article 50 will be even triggered.  The argument is that parliamentary approval is needed.  Parliament is, or at least was, opposed.  It was a non-binding referendum that was passed by the smallest of margins.”