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Oct 31 - 02:55 PM

GBP: Expecting A Dovish 75bps Hike From The BoE On Thurs - Danske

By eFXdata  —  Oct 31 - 02:00 PM

Danske Research discusses its expectations for the BoE November policy meeting on Thursday.

"We expect the Bank of England (BoE) to hike the Bank Rate by 75bp on Thursday 3 November, but in our view it is a close call between 50bp and 75bp. We keep the rest of our forecast intact, expecting the Bank Rate to peak at 3.75%," Danske notes.

"We expect fewer hikes than priced in markets as we emphasise the weak growth outlook. In our base case, we expect headwinds for GBP upon announcement," Danske adds. 

Source:
Danske Research/Market Commentary

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