No room for surprises at the BoE meeting next week - TDS

The FX Strategy team at TD Securities has ruled out any major announcement at the BoE meeting next week.

Key Quotes

“Policy will take a backseat one week before the referendum”.

“The minutes will not be subject to purdah rules, so expect any discussion of the Bank’s thinking on the referendum to make an appearance, either as a reminder of the possible effects of a Leave win, or perhaps more discussion of preparations being made to help stabilise markets on June 24th, regardless of which way the vote goes”.

“The IMF also chimes in with the release of its UK Article IV on 16 June, and this won't be subject to purdah rules, either”.