BoE and US initial jobless claims amongst market movers today – Danske Bank

Research Team at Danske Bank, suggests that the key event today will be the Bank of England's (BoE) rate decision at 13:00 CET.

Key Quotes

“We expect the BoE to cut the Bank Rate by 25bp, down to 0.25%, and look for an expansion in its stock of purchased assets of GBP75bn. Moreover, we think it is likely the BoE will ease through its Funding for Lending Scheme.

Also, we expect the BoE to maintain a very dovish stance, signalling readiness to ease further if necessary. In our view, this should help underpin the market’s expectation of additional easing further down the road.

Today, US initial jobless claims data is due out (14:30 CET), as well as factory orders and durable goods orders for June (16:00 CET).

Dallas Fed President Robert Kaplan is due to speak (12:15 CET) in Shanghai.”