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Pound trading positively ahead of tomorrow's Bank of England "Super Thursday" meeting

2nd August 2017

Find out what we're expecting for the Pound ahead of tomorrow's "Super Thursday" Bank of England meeting.

Sterling is up ahead of tomorrow's Bank of England "Super Thursday" meeting. The pound has appreciated against both the Euro and the Dollar (and currently is close to a 10month high against the Dollar). So what can you expect tomorrow?...
Well, at the last meeting 3 out of 8 Monetary Policy Committee members voted in favour of an interest rate hike, so pressure is mounting. As well as discussing interest rates the BOE will also publish its quarterly inflation report. Economists expect the BOE will increase its inflation forecast slightly and hold interest rates as they are. Any deviations from these expectations could take markets by surprise and we could see swings in the currency. Watch this space 

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