5 Nov 2015
Super Thursday in the UK - Investec
FXStreet (Delhi) – Research Team at Investec, suggest that it’s Super Thursday in the UK as we will see the simultaneous release of the interest rate decision, meeting minutes, and Quarterly inflation report including updated inflation and growth projections.
Key Quotes
“Governor Carney will then hold an accompanying press conference. We are looking for the MPC to highlight that with so few rate hikes priced in to the market rate path, the Bank of England would overshoot inflation target (Sterling positive); to note that concerns from the Far East have dissipated as the Fed did last month (Sterling positive); and there is a good chance of a second person also voting for a rate hike this meeting (Sterling positive). But as always, anything could happen and we have seen surprises before!”
Key Quotes
“Governor Carney will then hold an accompanying press conference. We are looking for the MPC to highlight that with so few rate hikes priced in to the market rate path, the Bank of England would overshoot inflation target (Sterling positive); to note that concerns from the Far East have dissipated as the Fed did last month (Sterling positive); and there is a good chance of a second person also voting for a rate hike this meeting (Sterling positive). But as always, anything could happen and we have seen surprises before!”