BOE Prone to Ease Further

The focus of the week is undoubtedly the BOE meeting due Thursday. We expect policymakers to cut the Bank rate by -25 bps to 0.25%. Some market participants anticipate an increase in asset purchases of GBP 100-150B and/ or a targeted funding-for-lending scheme (FLS). Since the financial markets have not reacted rigorously since the Brexit referendum on June 23...

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/boe-prone-to-ease-further-2016080133364/