BOE's Saunders: UK could see more rate hikes if Brexit is smooth
Comments by BOE MPC member, Michael Saunders
The pound is picking up more gains on the back of the headline here, with cable rising to a high of 1.2720. Once again, I'd like to remind that the key line here isn't 'more rate hikes' but is 'if Brexit is smooth'.
- Reiterates that BOE may raise rates faster than the curve implies