Ruilian Bank FX strategist Peter Kinsella says Thursday’s Bank of England policy decision is unlikely to materially move the pound. The BoE is expected to hold Bank Rate at 3.75% with a 7-2 vote. Updated forecasts should show weak growth and slightly lower inflation for the remainder of the year. With yields still under upward pressure, the Bank may slow QT, though Kinsella sees little GBP impact. Overall, expect EUR/GBP and GBP/USD to trade in narrow ranges near term.