What's next?
The Bank of England meets on the 10th of May at 1200BST and a rate hike is extremely unlikely. Some folks see a rate cut as the next move, albeit not at the May meeting. See article earlier.
So, what possible outcomes might we see. Here are 3 of the most likely outcomes and surprises to look out for.
- Outcome 1 : Hike. Unlikely, but would be instant GBP buy.
- Outcome 2 : Dovish hold. Most likely.
- Outcome 3 : GDP and CPI gets revised downward. This would indicate that the recent downturn is more settled. GBP sell.
