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BoE meeting, the usual non-event? – Danske Bank

FXStreet (Edinburgh) - The Bank of England would leave its monetary policy on hold, while focus will turn to the minutes due in two weeks, signalled Morten Helt, Senior Analyst at Danske Bank.

Key Quotes

“In the UK the Bank of England is expected to keep rates unchanged”.

“Minutes from the meeting (due in two weeks) will be more interesting, as they will give information whether the balance of the board has tilted towards the hawks”.

“Minutes from the August meeting showed a split vote of 7-2 in favour of keeping rates unchanged”.

GBP/USD marking time ahead of BoE

GBP/USD continues to suffer amid fears of Scottish independence as investors await the Bank of England policy decision.
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EUR/USD trading steady around 1.3150 ahead of ECB - FXStreet

FXStreet Chief Analyst Valeria Bednarik points out that the ECB is trading close to the 1.3150 area ahead of the ECB interest rate announcement.
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