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FXStreet (Barcelona) - Flemming Jnielsen, Senior Analyst at Danske Bank notes that in the UK minutes from the 5-6 February Monetary Policy Committee meeting in Bank of England are due for release.

Key Quotes

“We expect the unity that has so far prevailed under Mark Carney’s governorship to have continued with broad consensus about the ‘revised’ forward guidance BOE recently presented in its inflation report.”

“In the new guidance the link between a future interest rate decision and the development in the unemployment rate has been weakened. Hence, the UK unemployment rate released today has become less important, although it is possible that unemployment dropped to the 7.0% threshold in the former forward guidance.”
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