BoE: Unanimous on-hold - TDS

Analysts at TD Securities are expecting a unanimous on-hold vote for the upcoming BoE meet tomorrow.

Key Quotes

“The MPC remains in the background as Brexit enters an intense period, and forecast changes are unlikely to be material.”

“Uncertainty remains elevated and activity is likely to remain choppy at best through 19Q1.”

“FX: Our base case suggests little reaction in GBP. The BoE is a distant second to Brexit concerns. GBP may be marginally more sensitive to a dovish surprise as other major CBs have capitulated, but follow-through potential looks limited.”