The Bank of England is very unlikely to change monetary policy at the upcoming MPC meeting. Concerns surrounding the growth outlook will be offset by higher inflation forecasts and the key feature will be high uncertainty on all fronts, especially given the EU referendum impact. In this context, Sterling, gilts and equities will all be subjected to high volatility. Comments on growth and readiness to act if required will tend to support gilt prices. Sterling is also liable to drift weaker into the announcement, but may prove resilient after the event. The latest so-called ‘Super Thursday’ is due tomorrow with the ... (full story)