The nine member Monetary Policy Committee (MPC) of the Bank of England (BoE) is widely expected to deliver a a fresh stimulus package to counter the thunder-struck UK economy, which is suffering a post-Brexit vote shock to consumer and business confidence. The MPC's rate decision due on Thursday is a key market driver along with the August Inflation Report, which will show the BoE's view of the UK's real post-Brexit economy. After surprisingly standing pat on both interest rates and asset purchasing previously, this time markets expect both. Actually, markets are pricing about a 90% chance for a 25 basis point cut in ... (full story)