Lower than expected UK CPI data, Bank of England policy decision today now close to 50/50

UK inflation data came in below the median estimate on Wednesday:

Goldman Sachs had been forecasting a rate hike from the Bank’s Monetary Policy Committee but changed that to now expecting an on-hold decision.

JP Morgan say:

  • “We stick with our call for a hike, but now see this as a coin toss”

The statement from the Bank is due at 0700 US Eastern time:

This article was written by Eamonn Sheridan at www.forexlive.com. Source