Davy Research

Market comment

Sterling gains on hawkish MPC minutes

DAVY VIEW

Sterling gained on Thursday as the minutes of Bank of England’s rate setting meeting showed Chief Economist Andy Haldane joining the hawks in a split 6-3 vote to keep rates on hold. The minutes also showed that the Monetary Policy Committee (MPC) was confident that growth had bounced back in Q2, paving the way for a rate hike in August.

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