FXStreet (Guatemala) - Analysts at Nomura explained that a three-month delay to their forecast for the first Fed hike drives a similar shift in our BoE forecast to May 2016. Key Quotes: "With such delays driving the neutral rate lower, in our view, a long dovish tail risk remains in our forecast. The shift in our mean BoE forecast is relatedly smaller, at -7bp by December 2016. "The UK economic cycle remains advanced, and this should continue adding inflationary pressure. A weaker outlook for China does not derail this forecast, albeit with some weight being imported indirectly from the US and euro area. We continue to hold high conviction in UK shorts on a cross-market basis, while on an outright basis bear (bond) risks are building even as the market increasingly dismisses them. Flatteners look strong risk/reward here." For more information, read our latest forex news.