Why the Bank of England Might Send Up the British Pound.

The Bank of England Monetary Policy Committee (MPC) meeting, scheduled for Thursday, May 11 at 11:00 (GMT), is nearly certain to keep interest rates at their rock bottom level of 0.25%.

The aftermath of the Brexit vote seems to be finally feeding through to Britain’s economic growth, according to business surveys that show rising inflation is partially offset by slower-than-expected consumer sales.

If the central bank raises interest rate in a surprise move, this is seen as bullish for the Pound Sterling to US Dollar (GBP/USD), and will likely result in a sharp increase in the currency pair.

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