"The Bank of England’s Monetary Policy Committee will meet today and tomorrow but traders and investors will only be interested in comments made by Governor Andrew Bailey following the decisions on interest rates and levels of support for the economy.

Both are likely to remain unchanged.

It will be interesting to note whether the attitude to the pace of the recovery is affected at all by the outcome of the FOMC meeting which concludes this evening.

Bailey and Jerome Powell face similar issues, both are going to need to hold back potentially overheating economies and deal with inflation that both admit will break above their official targets.

Bailey will most likely be backed in whatever comments he makes by colleagues both at the Bank and on the MPC.

"

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