Bank of England Preview: Will the pound go lower with Bailey ‘ready to take action’?
In amongst Brexit talks and an EU Summit, European markets are waiting to see what the Bank of England will do at its June meeting this Thursday. Consensus expects no change to the policy rate or other measures, but an announcement of further QE. Guidance on MPC views towards other policies like yield curve control and negative rates will be important and market moving either way, with Governor Bailey set to keep his options wide open going forward.
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