BoE to keep rates unchanged - Reuters Poll

Joshua Gibson FXStreet

The Bank of England (BoE) is now expected to keep rates unchanged at their next meeting, according to poll results from Reuters.

Key highlights

BoE bank rate to stay at 0.5%, 59 of 62 surveyed economists said.

Poll results mark a complete reversal of the previous poll in April, where 69 of 76 economists expected a rate hike to 0.75% in May.

Polled economists now expect a rate hike in August, with a second rate increase in Q2 of 2019.

Market expectations now say there's only a 10% chance of a BoE rate hike this week.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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