Analysts at TD Securities explained that the Bank of England’s MPC meets, and we don’t expect much.
Key Quotes:
“Another unanimous vote in favour of leaving policy on hold (hard data hasn’t deteriorated enough for Vlieghe to vote for a cut). We’ll look for the MPC’s assessment of the causes of the recent weak survey data – in particular to see if they express any fears over the impact of the Brexit vote on growth.”
(Market News Provided by FXstreet)