Have been more BoE view changes: - HSBC.....>

UK VIEW: Have been more BoE view changes:

- HSBC believe that BoE rate rises are off the table. The bank notes that "in a

late change to our long-held view, we expect the BoE to vote by 7-2 in favour of

keeping rates at 0.50% on May 10. Given recent comments and weaker data, the MPC

is likely to wait for a clearer steer on the underlying trend in activity. To

us, the outlook points to no further UK interest rate rises this year or next."

- Nomura stated Friday evening that "there is nothing in the forthcoming

economic data that can be strong enough to persuade the BoE MPC to vote

collectively for a rate rise in May. Still see rate hike every six months but

now see next move in August 2018, followed by one in Feb 2019 and again in Aug

2019.

- TD Securities have also delayed their call for next rate hike to August from

May but maintain long-held view on 2 rate hikes in 2019.