Bank of England decision out shortly - BBH

Research Team at BBH, suggests that the Bank of England decision will be out shortly and the quarterly inflation report will be presented at the end of the MPC meeting.

Key Quotes

“At the same time that price pressures are beginning to increase, the UK economy is slowing. The April PMIs uniformly warn that the slowdown has bled into the start of Q2. The last dissent from the BOE was for an immediate hike. A dovish dissent now would be as surprise and lead to an immediate fall in sterling. Governor Carney will hold a press conference afterwards.”