Market more intently focused on the BoE - Scotiabank

Analysts at Scotiabank explained that the market is more intently focused on the BoE.

Key Quotes:

"The market is more intently focused on BoE policy prospects after BoE Gov. Carney’s comments at the ECB forum yesterday (again, we think the broader tone was not quite so obviously hawkish as perhaps the market reaction suggested)."

"However, the surge in consumer credit in May underscore the BoE’s focus on macroprudential issues and supports the Bank’s decision earlier this week to boost bank capital buffers."