BoE interest rate decision and Mark Carney’s speech – Live

Pablo Piovano FXStreet

The Bank of England will hold its monetary policy meeting later in the European afternoon at 1200GMT, along with the central bank’s Inflation Report and the subsequent speech by Governor Mark Carney (1230GMT).

Market consensus is broadly tilted towards a 25 bp rate hike, although all should fall under the so-called ‘dovish hike’, putting the Sterling under renewed downside pressure. In addition, GBP’s price action is expected to largely hinge on the voting scheme from MPC members.

Related news

BoE seen raising rates by 25 bp, GBP looks to voting results – UOB

GBP: The ‘Carney Put’ – ING

GBP/USD firm near 1.3300 ahead of BoE

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Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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