BoE meeting: "Risk to the outlook remains very high" according to ecPulse (Barcelona) - Ahead of the Bank of England's Monetary Policy Committee meeting there is little doubt that the interest rate will be held at 0.5% and the Asset Purchase Facility at £200 Billion, disregarding Andrew Sentance's plead to tighten. On the other hand, the UK's outlook for growth might be at risk amid a tremulous global recovery.

The first one in the UK to suffer the consequences of the muddy road recoveries are currently on could be the
pound. Layalee Ramahi, Strategic Manager at, draws the following blueprint: "We still see the BoE withholding their status quo preemptively against piling downside pressures. The pound is depreciating on weaker than expected outlook prospects and slimming risk appetite, yet the decision might support the royal pound slightly as the BoE acts as a backstop, though still we see sterling like to continue bearish for now."

After the tides changed in economic indicators, shifting from strong second quarter to softer third quarter data, Ramahi analyzes: "The risk to the outlook remains very high especially with signs of slowing global recovery across major trading partners for U.K. Spending cuts have already been activated and more are expected to be announced by the end of the year further straining the recovery."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.