BOE rate hike expectations are on the rise – Reuters poll

FXStreet (Barcelona) - As per the latest Reuters survey 60% of respondents see a UK rate hike coming by the end of Q1 2016, up from 55% in the last poll.

The uptick in the rate hike expectation comes a week after Carney stated that the time for a rate hike is coming soon and that rate hike could be possible at the turn of the year. The poll also comes prior to Wednesday’s BOE MPC minutes. Markets may be in for a surprise in the form of a vote in favour of a rate hike.

Growth estimates remain the same at 0.5-0.7% per quarter through to the end of 2016.