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BoE MPC meeting minutes in focus -TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities expects to learn more about the BoE's concerns about inflation from the minutes from the last monetary policy meeting, due out today.

Key quotes

"Today’s MPC minutes will appear dated given the huge moves in equities, commodities, and rates since the meeting on 9 Oct."

"However, Brent crude had already fallen to about $90/bbl by that point, so with CPI already tracking well below the BoE’s August forecasts to begin with, and then the further downside risk from commodity prices, we may get more detail in the MPC minutes on just how concerned the BoE may be about undershooting its inflation target."

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