10 Jul 2014
No change expected from the BoE - Yohay Elam
FXStreet (Łódź) - Yohay Elam, Analyst at Forex Crunch, doesn't see the Bank of England announcing any changes to its monetary policy today.
Key quotes
"While Carney and his colleagues have been outspoken about the timing of a rate hike, first bringing expectations forward before confusing markets, this is not coming in the next months."
"Any hints could come in the MPC Meeting Minutes which are the real show."
"If we see that one or more members already voted for a hike in July, that would certainly be pound supportive."
Key quotes
"While Carney and his colleagues have been outspoken about the timing of a rate hike, first bringing expectations forward before confusing markets, this is not coming in the next months."
"Any hints could come in the MPC Meeting Minutes which are the real show."
"If we see that one or more members already voted for a hike in July, that would certainly be pound supportive."