“The fact that Trump is behind us gives the UK some momentum”, says David Buik, Senior Market Commentator for Panmure Gordon, while explaining the dynamics of Trump-May relationship.
While talking about the BOE Super Thursday, Buik says the bank is likely to upgrade GDP forecasts and acknowledge that inflation could rise to 2.7% by the end of 2017. Buik explains a situation in which the BOE could be forced to raise rates.