Bank of England’s Meeting & Press Conference

Bank of England’s Meeting & Press Conference

Meetings of the Bank of England always represent a strong driver of the British pound. The one at 14:00 MT time on November 2 will be no exception.
Analysts expect the regulator to tighten monetary policy for the first time in 10 years. According to the forecasts, the central bank will increase the benchmark interest rate by a quarter point to 0.5%. Such outcome won’t be surprising for the market. It’s more interesting what the BoE’s officials say about inflation. If they are concerned with rapid price growth, the GBP may gain, while if they sound relaxed, the GBP will suffer.  



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