Bank of England to leave Rates unchanged?

The Bank of England is expected to leave rates steady on Thursday at 5.00 percent the lowest since December 2006 for the second consecutive month. Since the Monetary Policy Committee is anticipated to leave rates unchanged, they are unlikely to issue a monetary policy statement which should leave the market’s reaction to the news somewhat muted. Nevertheless, given the sharp drop we’ve seen in the British pound in recent days, even an announcement in line with expectations could lead the currency to rebound somewhat.