"The Bank of England’s Monetary Policy Committee meeting will end today with the most likely outcome a slightly more hawkish stance but no change to policy.

There are sure to be votes in favour of a rate hike given the most recent comments of some members of the committee, but they are unlikely to garner sufficient support to elicit a change in policy.

There is no question that the recovery of the economy from the Coronavirus Pandemic is now sufficiently strong for the withdrawal of support to be considered.

The Bank of England’s Monetary Policy Committee meeting will end today with the most likely outcome a slightly more hawkish stance but no change to policy.

However, with the Government withdrawing its furlough scheme completely from the end of this month, there is still sufficient doubt to ensure that a majority of MPC members will want to hang on for at least another month before they vote in favour of any change.

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Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.