Caution reigns on Threadneedle Street


LONDON -- The Bank of England is unlikely to tweak UK interest rates at this week’s Monetary Policy Committee (MPC) meeting, market participants told FX Week.

Speculation had been mounting that the bank could move to raise rates after a surprise rise in inflation, but falling retail sales figures and lacklustre gross domestic product levels have restored the status quo.

"We don’t expect any change," said Will Rugg, senior currency analyst at Standard & Poor’s MMS in London. "However, the Bank

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: