31 Jan 2014
Flash: BoE to consider host of measure before raising rates - Investec
FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec comments that the BoE have stated that they will consider a host of measures before hiking rates.
Key Quotes
"GfK Consumer confidence for January posted a recovery to its highest level since 2007 this morning after a recent quarter of falls. The British raised their expectations on the outlook for the economic recovery, driven by housing and consumers."
"Later this morning we turn our attention to Business confidence figures for the UK which are released at 09:30 and may provide further insight into the outlook for Q1 GDP. Looking at previous releases of this data set, corporate sentiment softened in November and December but the key indices still remain close to their recent highs."
"The survey also covers firms’ plans to hire extra staff, which should provide some clues on unemployment levels looking ahead, which currently rests a touch above the BoE’s 7.0% threshold."
"The BoE have stated that they will consider a host of measures before hiking UK interest rates, but having already set out their stall in linking the policy rate to unemployment, we still anticipate a great deal of market focus on unemployment in coming months."
Key Quotes
"GfK Consumer confidence for January posted a recovery to its highest level since 2007 this morning after a recent quarter of falls. The British raised their expectations on the outlook for the economic recovery, driven by housing and consumers."
"Later this morning we turn our attention to Business confidence figures for the UK which are released at 09:30 and may provide further insight into the outlook for Q1 GDP. Looking at previous releases of this data set, corporate sentiment softened in November and December but the key indices still remain close to their recent highs."
"The survey also covers firms’ plans to hire extra staff, which should provide some clues on unemployment levels looking ahead, which currently rests a touch above the BoE’s 7.0% threshold."
"The BoE have stated that they will consider a host of measures before hiking UK interest rates, but having already set out their stall in linking the policy rate to unemployment, we still anticipate a great deal of market focus on unemployment in coming months."