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No Guidance from the BOE For Now

Posted by WorldWideMarkets . on Aug 2, 2013 3:42:00 AM
The BoE announced no change to policy, in line with widely held expectations but disappointed some with no further guidance. While the Monetary Policy Committee has mostly not made such statements, Governor Mark Carney at his first meeting last month broke tradition with a statement warning markets were pricing in an exit from stimulus too soon. Without further words from Carney  this time round, investors are looking for the BOE to give guidance when the quarterly inflation report is released August 7. But any guidance is expected to reiterate the BOE will stay the course for now. Investors are certainly pricing that into the pound. British pound trading

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