Latest client note saying that soft US jobs pushes back their BOE stance
- previously saw hike in Feb
- looking for two 25bps hikes next year
- BOAML US team has cut its growth and inflation forecasts which feeds back to our BOE view
- BOE has stronger reasons to hike than Fed but unlikely to face data that forces its hand anytime soon
Full report here
Yesterday Nomura published a similar change of view
Who's turn is it next for the crystal ball/runes?
