Eyes on Bank of England voting tally tonight
On a trade-weighted basis, the pound on Friday hit 94.50, its highest level since 2008. With Bank of England minutes from the 8th July released this evening at 6.30pm EST, currency strategists will be looking for any differences of opinion inside the committee on how soon they should begin to raise rates. Recent comments from the governor Mark Carney suggesting that the point to begin tightening was “moving closer” will be sure to spice up the debate. The below charts from Bloomberg give some context to what promises to be a very interesting minutes release.