BoE likely to hold off till 2015 before hiking rates - Gerry Davies

By FXstreet.com | Updated August 07, 2014 AAA

FXStreet (Łódź) - FXBeat Editor Gerry Davies believes we won't see the BoE increasing rates before the first quarter of 2015 when a 25bp hike should be implemented.



Key quotes



"Indeed I have a feeling the UK economy might be running out of steam after its recent growth spurt, evidence last weeks weaker than expected manufacturing PMI and consumer confidence data."



"Will be interesting to see upcoming economic data releases. "



"Cable has been under pressure lately, pretty much as we had expected."



"As I’m typing this it’s circa 1.6850. Anything above 1.7000 looks too rich to me. Indeed I have a feeling we’ll see ol’betty trade below 1.6500 before Santa comes sliding down the chimney."



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