Special report: Bank of England Preview
There are plenty of question marks when it comes to discussing the outlook for the Pound, though it’s unlikely they will be answered when the Bank of England delivers today's policy decision. No change is expected from the central bank, with rates and the asset purchase target seen holding steady at 0.5% and 375Billion respectively.
Next 24 hours: US Dollar Loses Momentum But Hangs On
On Thursday we had solid Aussie employment, firmer Eurozone CPI, softer US CPI and an as expected BOE rate decision. The reaction in currency markets was fairly tame, with even the Pound not really doing all that much. China retail sales, US industrial production and Michigan confidence stand out in Friday trade.