The minutes of today's BOE's policy meeting, due for release on July 17, may attract extra...


The minutes of today's BOE's policy meeting, due for release on July 17, may attract extra interest given that this was Mark Carney's first one as governor. The suspicion is that the bank has been waiting for him to arrive before easing further. The BOE's dovish statement appears to designed to assure that no rate hikes are coming in the near future, and, if anything, the next move could be more loosening. Sterling (FXB) -1.2% at $1.5102, and stabilizes a bit after dropping sharply following the statement.

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