All eyes on the BoE
Focus is now fully on the BoE at the top of the hour.
Key points to remember:
- The expectation is for Carney to raise the UK's key rate by 25 basis points, to 0.75%.
- The expectation is for an 8-1 vote.
- With everyone (and I mean everyone) expecting a hike, the number of votes and pricing positioning into the GBP pairs is key.
All ForexLive BoE previews:
- Preview of the Bank of England meeting (Super) Thursday 2 August 2018
- Are you ready for Super Thursday from the UK? BoE preview (RBC) (MS, Nomura)
- Early heads up preview for the Bank of England meeting(TD, Barclays, BNP Paribas)
- NIESR points on Thursday's BoE meeting
- Odds of a BOE hike sit at 90%
Don't underestimate the Brexit risk also in play
GBP positioning: