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Bank of England and Covid-19 will Drive GBP Price Action
This Thursday the Bank of England will announce its latest monetary policy decision and release its quarterly MPC report. The BoE is expected to leave all policy measures untouched, but the quarterly report should be monitored closely for the latest look at the health of the UK economy. The central bank may also update the market on how they perceive negative interest rates and if there is any reason to use them in the months ahead. The MPC will also give its latest views on inflation and how covid-19 is affecting the UK economy. The UK covid-19 data shows both strong progress in the country’s vaccination program ... (full story)