At today’s monetary policy meeting the BoE cut the Bank Rate by 25bp to 4.50%, as was widely expected. In line with our view, the BoE delivered a dovish twist to its guidance with a dovish vote split, which triggered the immediate market reaction. Yet the statement and press conference revealed that BoE still favours […]
The post Bank of England Review – Gradual Quarterly Cuts Remain Our Base Case appeared first on Action Forex.