The Bank of England’s monetary policy meeting tomorrow will be the main headline event to watch for the day. Following the UK’s verdict to leave the EU, BoE’s Mark Carney and company have turned increasing dovish on monetary policy. Tomorrow, August 4, 2016, the Bank of England is forecast to cut interest rates by 25bps, bringing the benchmark interest rate to 0.25%, a new record low after rates were kept steady at 0.50% since March 2009, in response to the 2008 global financial crisis.Bank of England – Interest Rate, 0.50% – July 2016 At its previous policy meeting on July 14, the Bank of England voted 8 – 1 to keep ... (full story)