The Bank of England will meet later today and it is expected to leave the monetary conditions unchanged, with the refi rate at 0.50% and the asset purchase facility at £435 billion.

Furthermore, consensus sees the MPC members voting 9-0 in favour of the current status quo.

In addition, the ‘Old Lady’ will discuss the Inflation Report, where a re-assessment of inflation figures and economic growth for the upcoming periods is also expected. At his press conference, Governor Mark Carney should deliver a cautious/hawkish message, according to prior surveys.