The Bank of England responded to Brexit with a comprehensive stimulus package back in August and hinted about more action now. However, the fall of the pound, to which Carney is “not indifferent†has changed things and another move could wait. With a “Super Thursday†that consists of the Quarterly Inflation Report, the BOE could lay out its intentions for 2017. If a rate cut remains a possibility, so does another leg down in GBP/USD.
Video preview of the Bank of England’s decision:
