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.