Bank of England meeting today - preview

The BoE Politburo Monetary Policy Committee announcement is due at 1100GMT

No change is the widely (unanimous really) expected outcome

From Barclays' preview

• We expect no change in monetary policy settings
• Expect unanimous voting in favour of the status quo for the current APF (9-0)
• Expect that dovish Committee member Gertjan Vlieghe is likely to dissent, vote for a cut
• We expect the minutes to echo the testimony of Governor Mark Carney and Committee members Jon Cunliffe, Kristin Forbes, and Gertjan Vlieghe to the Treasury Select Committee - the MPC is comfortable with its recently announced easing package.

On the GBP:

• A confirmation of this and openness towards further easing, should downside risks to the economy materialize, will likely keep GBPUSD under pressure, in our view.