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BUZZ-COMMENT-Pound spies another 6-3 BoE vote in Feb, but which way?
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Dec 20 (Reuters) - Six-three, or not 6-3? That is a question for the Bank of England's Monetary Policy Committee when it comes to February's interest rate vote.
If it is 6-3, a second question is whether the vote replicates or remixes this week's outcome.
The remix would see Governor Andrew Bailey and deputy governors Claire Lombardelli and Sarah Breeden join fellow deputy governor Dave Ramsden and external doves Alan Taylor and Swati Dhingra in voting for a 25-basis-point cut on Feb. 6. Any such remix could weigh on sterling.
On Thursday, Bailey said market rate pricing for February - which suggests the decision is an approximate coin toss between a hold or a cut, looked "reasonable".
Bailey, Lombardelli and Breeden all voted for the BoE's rate cuts in August and November, the first of which was delivered by a 5-4 vote (a month before Alan Taylor replaced hawk Jonathan Haskel on the MPC).
Thursday's unexpectedly close 6-3 vote negatively impacted the pound, with GBP/USD dropping to test November's 1.2475 six-month low.
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(Robert Howard is a Reuters market analyst. The views expressed are his own)
((robert.howard@thomsonreuters.com))