So says your favourite Reuters poll
Rate rises early next year are still the consensus call but pollsters see the first MPC member vote change coming in August with at least one member breaking from the pack.
21/63 polled see a rate move this year and that’s up from 4/52 in a poll just before the June meeting.
An change in the vote pattern will be another screaming knee jerk buy in the pound and the odds of that happening will increase as the months tick down.
August is a sensible call but I think it will be September when we see a change as we’ll have Q3 data to look at. Plus everyone will still likely be on their summer holidays in August.
Any which way you look at it it’s coming.
