Market insights

UK Interest Rate Decision Today - MI090524

The Bank of England looks nailed on to keep the UK base rate at 5.25%.

Whilst that's unlikely to cause movement for the Pound, the vote count and the press conference with the Bank of England Governor shortly after could be what moves rates.

The Monetary Policy Committee is expected to vote 8 for unchanged rate and 1 for a rate cut.

Andrew Baileys voice could be the mover though at 12.30pm depending whether his rhetoric is hawkish or dovish (up or down respectively for the base rate).

Throughout the rest of the day there's speeches from all around the globe. From the ECB, the BoE, the Bank of Canada and the FED.

Could be a lively day ahead.

If that's not enough breakfast tomorrow sees preliminary GDP information out from the UK where the expectation is for 0.4% quarterly growth.

Hang onto your hats for the next 24 hours.

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Economic calendar

UK: 12:00 Interest Rate Decision

UK: 12:00 MPC Vote Count

UK 12:30 BoE's Andrew Bailey Press Conference

EUR: 13:15 ECB's Piero Cipollone Speech

EUR: 13:15 ECB's Luis De Guindos Speech

CAN: 16:00 BoC's Tiff Macklem Speech

UK: 17:15 BoE's Huw Pill Speech

US: 19:00 FED's Mary Daly Speech

UK: Friday 07:00 Preliminary GDP Data

As ever we look forward to keeping you in the loop and look out for our next update.

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