It is the Bank of England’s Monetary Policy Committee (MPC) to save Sterling from slumping lower as it is expected to hike rates next Thursday when the MPC meets for regular monetary policy review releasing the quarterly macroeconomic and policy forecast in ASugust Inflation Report. Although the timing is not perfect, the Bank of England Governor Mark Carney will have an hour-long press conference after the meeting to explain the move and justify the MPC decision. August MPC meeting is also the last one for Ian McCafferty, a long-term hawk proposing interest rate hikes. McCafferty’s successor Jonathan Haskel appears ... (full story)