Bank of England Boosts Sterling With These Words

Once again we have seen a unanimous vote from policymakers to leave interest rates unchanged.

No big surprise there.

However, two members saw the decision as "finely balanced", indicating that unanimity may not last for long.

Further, and less noticed, the BoE slipped a comment that seems to indicate markets are being too relaxed about the timing of upcoming rate hikes: "the path of Bank Rate expected by financial markets was now exceptionally flat".

In my opinion, this is driving a positive reaction in Sterling against its major peers.”