Technical Analysis

Bank of England meeting today – preview – BoA expect +50bp rate hike, minimal GBP impact

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  • Bank of America Global Research discusses its expectations for tomorrow’s BoE policy decision.
  • “With our base case for the Bank Rate path in line with market expectations, we expect the upcoming BoE meeting to have a minimal impact on GBP,” BofA notes.
  • “We see risks in both directions but on balance dovish. This is primarily because we see risks around the February meeting skewed toward a 25bp rate hike. Still, we expect the BoE to keep its options open this week, reaffirming its data-dependent stance,”BofA adds.

It’s a central bank kinda day:

European Central Bank press conference at 1345 GMT also.

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