BoE: Recent string of UK data has made a follow-up rate cut less likely - BBH

Research Team at BBH, suggests that the BOE meets in early-November and the recent string of data has made a follow-up rate cut less likely. 

Key Quotes

“However, in any event, given the signals from the BOE, negative rates or even a zero base rate was not being considered.  This means that a rate cut would not have been 25 bp but probably something closer to 10-15 bp.  The failure to ease further in November is clearly not a game changer.  Surveys by a couple of the large accounting/consulting firms found a high number of companies are considering moving some operations out of the UK.”