BoE: No changes coming - TDS

Analysts at TD Securities expect a 9-0 vote for no change, as the BoE sits on the sidelines until Brexit clarity emerges.

Key Quotes

“The new forecasts are likely to show relatively little change. The MPC is likely comfortable with the current slope of the yield curve, which shows about one hike priced in for 2019.”

“FX: GBP is oversold, making it vulnerable to a hawkish surprise. But with little expected from the BOE, a catalyst for a reversal will depend on Brexit and broad USD tone. This will require more patience.”