Jan 25 (Reuters) - The sound of silence from most Bank of England Monetary Policy Committee members has been noticeable ahead of the first UK monetary policy announcement of 2024 next week, raising the risk of a volatile start to February for sterling.
MPC members who have said nothing since Jan.
1 include the four 'external' members - three of whom wanted the BoE to raise rates in December.
The fourth 'external', Swati Dhingra, is the most dovish member of the MPC.
The pound could weaken if the BoE springs a dovish surprise on Feb.
1, or strengthen if the BoE's guidance is more hawkish than expected.
Arguments for both can be made, with last week'sUK wage growth data and bleak December on the one hand, versus hotter than expected UK December data and January beats on the other.
says it is likely that no MPC members vote for a rate hike on Feb.
1 for the first time since September 2021, and that one might back a cut.
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