BoE to remain on hold – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expects Bank of England's Monetary Policy Committee to remain on hold, hence focus will be on the communication about the latest financial developments.

Key Quotes

“After the ECB disappointed the market last week, downward pressure on EUR/GBP has eased, which should calm the MPC members somewhat. However, the recent decline in the oil price and current poor risk environment will weigh substantially on BoE's overall assessment, thus increasing the odds that the Bank of England is likely to maintain a fairly dovish stance today.”