Will the BOE send GBP/USD even lower? – Live coverage
The Bank of England is set to leave its interest rate unchanged once again but may join the dovish stance of other central banks and remove its hawkish bias. The BOE has expressed its desire to raise rates amid rising employment, wages, and inflation. However, Brexit uncertainty has paralyzed policymaking. And now, with rising chances of a hard Brexit, the BOE is unlikely to cut rates. Governor Mark Carney and his colleagues may respond to the recent slump of sterling in the accompanying press conference.
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