GBP in Focus Today Ahead of BoE Decisions

The British Pound will today take direction from the Bank of England which will issue fresh guidance on policy and the outlook for interest rates and the economy. 

The Bank of England (BoE) will likely keep interest rates and quantitative easing levels unchanged at current levels, but the tone struck by policy makers will decide whether a short-term rebound in the UK currency can extend. 

UK coronavirus infections have risen, with an estimated 119,000 people – up from 110,000 – now positive for the virus. The Government has not made a final decision on the proposed reopening of the indoor hospitality sector on July 5, the Minister for Health has said.  Will this affect the BoE decisions today? 

Be ready at 14.00 GMT+3 to trade the GBP currency pairs. 

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