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BOE Decision Preview

Submitted by Rajan Dhall of FX Daily

Going into the MPC announcement later on the this morning, no one is expecting any change in policy, nor should they – now or indeed any time soon.  We would expect this view to be shared by the broader spectrum of investors, but as we know, the reaction today hinges on whether we get any additions to the hawks that are Messrs McCafferty and Saunders, and this would be enough to send Cable on another rally higher, where would likely see the upper end of what we believe is the current range of 1.2500 to 1.3500.  …

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