The market will continue to assess incoming data to see how it would impact the BoE’s future rate decisions. As we have seen over the past few months, the BoE is a pretty dynamic central bank, so if data does indeed improve, the 2 dissenting members voting in favor of a rate cut could shift their stance. So far, even though the central bank is slightly dovish, their policy is still much closer to neutral.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
