Poll: Bank of England expected to raise rates 25bp at both the August & September meetings

<p>The consensus expectation for the next moves from the BoE's Monetary Policy Committee is for two 25 bp rate ikes, at the next two meetings on August 3 and September 21.</p><p>In a Reuters poll the consensus opted for 5.5% to be the peak, though there were higher, one analyst at 6%. This compares with market pricing that is towards a 6% peak. </p><p>Sweating on inflation </p>

This article was written by Eamonn Sheridan at www.forexlive.com.