Bank of England rate decision Tomorrow, 11 May 2017.
This will be a “Super Thursday” meeting.
Besides the rate decision and the minutes, we will also get the quarterly Inflation Report with updated forecasts for the UK economy.
We expect the BoE to stand pat and shift to a more concerned tone than previously amid slowing GDP growth, which could reverse some of sterling’s latest gains.
A potential downside revision to GDP forecasts could be another factor that weighs on the pound.
Would you like to know what FBS expects on tomorrow’s BoE meeting? Find out their 2 main expectations in the below article!