Quotes from Danske Bank:
-Minutes from the Bank of England’s rate setting meeting in August showed some dissent in voting with two members advocating a rate hike.
-While the timing of the first BoE rate hike will still largely depend on the development in the labour market (wage growth in particular), it is likely that the balance of the board will tilt further towards the hawks in the coming months as the economy expands further.
-We expect the BoE to deliver the first rate hike in January. This is not priced into the UK money market, which prices the first hike in May 2015.
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