BOE Delays Hike

The MPC unexpectedly leaves Bank Rate unchanged, judging that the recent improvement in UK activity and wages is not yet enough to justify ending the pause. Markets mark down near-term UK rate expectations, with mixed effects for equities depending on whether the message is seen as dovish or growth-negative.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.