Economists at Commerzbank analyze how the Bank of England’s (BoE) policy decision could impact the Pound Sterling (GBP).
Presumably, the decision will not bring much news. After all, there will be no press conference and no new forecasts will be released. And a change in the key interest rate is also very unlikely.
It may be that after Wednesday's rather low inflation figures, expectations have shifted somewhat towards a dovish surprise. If this is the case, and the BoE delivers as we expect, the Pound could benefit somewhat again.