BoE would stay in the sidelines tomorrow – Danske Bank (Barcelona) - Big day for the sterling on Thursday, as the BoE will hold its monetary policy meeting. However, market consensus remains biased towards a neutral stance of the central bank, leaving both the lending benchmark and the asset purchase programme, at 0.5% and €375 billion, respectively.

Analyst A.Lumholtz at Danske Bank attempts a forecast on tomorrow’s key event saying, “We expect the Bank of England to remain on hold at Thursday’s Monetary Policy Committee (MPC) meeting. We think the BoE will stay in wait-and-see mode in the near future. As consensus is almost unanimous on unchanged policy, we expect a muted market reaction following the MPC decision”.