Monex Europe analysts say the Bank of England is expected to hold rates on Thursday and that sterling may weaken amid ongoing fiscal uncertainty. Monex forecasts a 7-2 vote to keep Bank Rate at 3.75%, noting members Greene and chief economist Peel re

2026-07-27

Monex Europe analysts say the Bank of England is expected to hold rates on Thursday and that sterling may weaken amid ongoing fiscal uncertainty. Monex forecasts a 7-2 vote to keep Bank Rate at 3.75%, noting members Greene and chief economist Peel remain inclined toward tightening; risks are skewed to more dissenters for hikes or Governor Bailey signaling tightening in autumn. If neither occurs, fiscal uncertainty under Prime Minister Burnham should keep GBP under pressure, and Monex retains a mild downside bias for the currency.