Bank of England meeting Thursday; "Look for a 25bp rate cut & £50bn of QE"

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Bank of America Merrill Lynch preview on the BoE, via eFX The UK soft data looks bad (Chart of the Day): the economy has taken a big hit and may be in contraction. Rate setters will have to cut their growth forecasts heavily in the 4 August Quarterly Inflation Report and highlight the downside risks, though we do not expect them to forecast recession (just).

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