fxs_header_sponsor_anchor

News

BoE to leave the policy rate unchanged – Rabobank

Rabobank analysts are expecting the Bank of England to leave the policy rate unchanged at 0.75% on Thursday 7 November.

Key Quotes

“This is also the consensus view and GBP OIS implies virtually no chance of a move in either direction at this week’s meeting.”

“Whilst the OIS market is –on balance– still looking for a rate cut in the first half of 2020, the implied probabilities have closely tracked those of a no-deal Brexit.”

“The immediate threat of a no-deal Brexit has been averted, but the uncertainty prevails. The UK is heading for a Christmas election, and even Johnson’s Brexit-deal leaves open a wide range of future possible trading relationships, including no trade agreement at all.”

“Business investment has been in the doldrums for almost two years, while cracks have also started to become visible in the labour market. There is a good chance that sustained weakness on this front tilts the balance within the MPC. We now expect two rate cuts in 2020.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.