BoE: the statement language calling for limited and gradual tightening - Scotiabank

Analysts at Scotiabank the widely anticipated BoE rate hike and 9-0 vote. 

Key Quotes:

"Statement language calling for limited and gradual tightening have limited the extent of GBP strength, however, as both market participants and policymakers remain sensitive to Brexit developments."

"We continue to highlight the divergence in risk reversals with a clear break at the 6 month horizon, reflecting lingering Brexit concerns."