The Bank of England announces its latest decision this Thursday, and a 50bp hike looks highly likely now, especially given recent comments from Governor Andrew Bailey a couple of weeks ago that specifically put a hike of this size on the table. Admittedly, there's a chance we simply get another 25bp move, given there's not much in the recent economic data flow to suggest the BoE needs to move more aggressively than it did in June. But concerns among hawkish committee members about job market tightness and a weaker pound point to a larger move this week - especially given that this is what markets are pricing. In ... (full story)