Pound Rises as Traders Await ’Key’ Speech From BOE’s Broadbent

11.07.2017 / 14:28

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The pound advanced against all its major
peers before a speech by Bank of England Deputy Governor Ben
Broadbent, which investors will scour for clues of his position
amid a split between members of the Monetary Policy Committee.
The pound has been boosted in recent weeks amid signs of a
hawkish shift among BOE policy makers, who voted 5-3 to maintain
interest rates at a record-low in June. That’s left markets
currently pricing in a more than 60 percent chance of a 25-
basis-point hike by the end of this year, according to MPC-dated
SONIA. Broadbent, who is scheduled to speak at 1:30 p.m. in
Aberdeen, Scotland, sided with the majority at last month’s
meeting, and has not made any public statements since.

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trader Velizar Mitov

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Pound Rises as Traders Await ’Key’ Speech From BOE’s Broadbent

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