"Any thoughts that the Bank of England may be considering tightening monetary policy were dashed when usually hawkish Gertjan Vlieghe commented that he does not believe that now is not the time to tighten monetary policy.

The level of uncertainty, that could still derail the recovery, means that the Bank is unlikely to tighten monetary policy this year.

Despite there being almost zero chance of a rise in interest rates or any change to the Asset Purchase Scheme, next week’s meeting will still attract the market's attention since there is a possibility that Andrew Bailey will provide further guidance as to the Bank’s intentions.

Any thoughts that the Bank of England may be considering tightening monetary policy were dashed when usually hawkish Gertjan Vlieghe commented that he does not believe that now is not the time to tighten monetary policy.

The IMF published updated guidance following a review of potential global growth forecasts yesterday. The UK is set to rival the U.S. by growing by 7% this year. "

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.