UK: BoE meeting and local elections in focus – Danske Bank

Danske Bank analysts suggest that in the UK, we have an important Bank of England meeting, but they do not think the BoE will change its policy.

Key Quotes

“Besides the Bank of England meeting, we also have local elections in the UK today. While this is normally not something we follow closely, it is interesting in the light of the Brexit extension and the upcoming European elections. Most polls suggest the Conservatives may suffer a heavy defeat, losing many seats, which would likely put further pressure on May to resign as party leader. We should know more about the results tomorrow morning.”