Bank of England Preview – Soft Data Warrants BoE to Stay On Hold

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<p>We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 2 November, which is in line with current market pricing. Overall, we expect the MPC to stick to its previous guidance emphasising the “higher for longer” approach. We expect a muted reaction in EUR/GBP but see risks as tilted […]</p>
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