Forex Flash: BoE decision on QE – analysts unanimous that vote is likely to remain a close one -TD Securities

FXstreet.com (London) - TD Securities analysts feel that the BoE is focusing its attention on targeting credit channels directly, with the recent extension of FLS. However, they say the vote is likely going to remain a close one, with three of nine MPC members having voted for more QE for the last three months, and recent comments from Weale suggesting that the fall in energy prices and easing of wage pressures could have him reconsidering more stimulus as well.

Ahead of BoE, Sterling has benefited this morning with some positive data for March, with industrial production expanding 0.7% on a monthly basis while the manufacturing production grew 1.1% MoM.