Bank Of England Hikes Rates 50bps In Split 'Soft' Decision, Confirms QT 'Gilt-Selling' Imminent Amid a lot of market chatter about the potential for a 75bps hike (market-implied 68% odds pre-decision), the Bank of England - in a very split decision - decided to raise rates by 50bps

Yesterday we noted the surge in cable following the stronger-than-expected Q3 GDP print of 0.4% Q/Q, above the 0.3% estimate. Afterwards, the market was calculating an 87% chance that the BoE would hike next week. Brown Brothers commented that: The case against a hike is that inflation appears

Back in mid-2009, we said that with the Fed and central banks nationalizing capital markets, macro and even micro data and newsflow will matter increasingly less and less, and the only thing that does matter is the Fed's weekly H.4.1 statement, showing the changes to the Fed's balance sheet. It

Having surged earlier in the day following an unexpectedly hawkish BOE statement, moments ago GBPUSD jumped to fresh session highs after BOE Governor Mark Carney said the pound's decline is boosting prices, and added that he’s among the majority of MPC with view that policy may need to be tightened

As expected, the BOE kept its interest rate unchanged at 0.25%, in a 7-2 vote, while maintaining the rest of its bond monetization programs in line in a 9-0 vote. MPC holds #BankRate at 0.25%, maintains government bond purchases at £435bn and corporate bond purchases at £10bn.