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28 Feb 2014
Flash: Bland BoE; watch PMI data - FXStreet
FXStreet (Guatemala) - RBS strategists said the BoE decision next week should be uneventful as unchanged policy looks very likely.
Key Quotes:
"The BoE decision next week should be uneventful as unchanged policy looks very likely. The GBP should continue to take its cue from the relatively strong UK economic indicators".
"Key indicator will be services PMI, which is still high in absolute terms at 58.0 but has now declined in three consecutive months. That stronger data should support expectations that the BoE as the first of the G4 to tighten monetary policy and GBP".
Key Quotes:
"The BoE decision next week should be uneventful as unchanged policy looks very likely. The GBP should continue to take its cue from the relatively strong UK economic indicators".
"Key indicator will be services PMI, which is still high in absolute terms at 58.0 but has now declined in three consecutive months. That stronger data should support expectations that the BoE as the first of the G4 to tighten monetary policy and GBP".