News

Impossible for BoE to act one way or other until road to Brexit becomes clearer – TD Securities

Previewing next week’s, September 19, Bank of England (BoE) meeting, TD Securities analysts argued that it was impossible for the BoE to act one way or another “until the road to Brexit becomes clearer.”

Key quotes

“We do not expect the BoE to provide a strong directional cue for sterling as Brexit concerns dominate. Here, we return to a sell-on-rallies posture as news flow looks likely to turn more negative again.”

“Rates space should see a muted response to the upcoming BoE meeting. From a tactical perspective, we continue to hold a steepening bias for the 2s10s/5s10s curve.”

Articles You May Like

AUD/USD likely to remain in the 0.6677-0.7082 range – CitiBank
Is Forex trading expensive business? Tani fx basics tutorial for beginners in Urdu and Hindi
NZD/USD sags for fourth day on sliding risk trade
Goldman Sachs on what is driving the US dollar (spoiler – no surprises in this one)
China: Building the case for additional stimulus – ABN AMRO

Leave a Reply

Your email address will not be published. Required fields are marked *