IN FOCUS: Bank of England Decision
Dear traders,
Governor Mark Carney and his fellow interest rate-setters are expected to keep borrowing costs on hold at 0.75% when the Bank of England makes its policy announcement at 15:00 Moscow time today. Economists expect a 9-0 vote by the MPC in favor of leaving rates steady.
In addition to Brexit and the BoE, market players will focus on the monthly jobs report, as well as the latest inflation and retail sales figures for further hints on the health of the economy.
Britain’s economy came close to stagnating again in February amid Brexit nerves and sluggish global growth. (Investing.com)
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