Bank of England to hike rates to 1 percent in Q1 2020 - Reuters Poll

Borrowing costs in Britain will probably increase in the first three months of 2020, later than previously thought, according to a latest Reuters poll.

The central bank is now seen raising rates to 1 percent in the first quarter of 2020, as opposed to the previous poll, which had called a rate hike in the fourth quarter of this year. The BOE's interest rate is currently at 0.75 percent.

Key points

EU-UK free trade agreement is the most likely eventual outcome of Brexi.

Chances of disorderly UK exit from the European Union is 15 percent, same as the previous poll conducted in March.