GBP/USD: Post-BoE dips are buying opportunities (Merrill Lynch)

Here is Merrill Lynch's analysis of the BoE meeting:

"The BoE's press release was a curious affair. The bottom line is that the BoE did nothing to dissuade the markets from the idea that a rate hike is likely in May.

The fact that two governors voted in favour of a rate hike only four months after the last rate hike should be noted.

We remain of the opinion that GBP dips post-BoE are buying opportunities", says ML.