BoE: dovish minutes - rate cut to come in Nov? - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained that the Bank of England meets to set policy this week.

Key Quotes:

"But nothing is expected on that front. More interesting will be the minutes published alongside, where we expect a dovish discussion of the many recent signs of lower cost and price pressures. These developments have led us to move our expectations of a first Bank of England hike from May out to November."

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GBP/USD: recovery out of sight with lower oil

GBP/USD is failing on the recovery attempts and is capped by the descending 4hr 20 sma resistance at 1.4577.
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