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It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. “The MPC does not hike rates, but signals that banking sector uncertainty was the principal cause of the pause, and that if volatility settles, it may not have reached terminal yet. EUR/GBP 0.8950.” Hawkish Hold (35%): No hike, but signals intention to continue “The MPC signals a BoC-style ‘conditional pause’, wherein they say that rates may not necessarily rise any further (barring large surprises in the data), and it's time to take stock of the impact of past rate increases. EUR/GBP 0.8900.” Dovish Hike (15%): MPC signals conditional pause After Wed's strong inflation, the vote is likely 2/6/1 for 0/25/50. “The MPC hikes 25 bps, and leaves its guidance largely unchanged, though the conditions for a further hike are tightened a little on the margin. EUR/GBP 0.8700.” Base Case (45%): Hike, guidance roughly unchanged Emphasis is placed on the different mandates of the FPC and MPC, leaving the MPC to focus on inflation-fighting. “The MPC hikes 25 bps and signals that inflation and wage persistence means that it has likely not reached its terminal rate. Hawkish Hike (5%): Hike, guidance that cycle not done Economists at TD Securities discuss the Bank of England interest rate decision and its implications for the EUR/GBP pair.
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