British Pound (#GBP) Price Outlook: Bank of England Decision T | Fx Overseas

British Pound (#GBP) Price Outlook: Bank of England Decision Too Close to Call

1) The Bank of England announces its decision on UK monetary policy at 1200 UK time this session.
2) Lacking any clear guidance from the central bank, the markets are split on whether it will leave Bank Rate on hold at 0.1% or increase it to 0.25%.
3) That makes the next move in GBP/USD hard to predict but judging by the reaction in EUR/USD to a hawkish Federal Reserve, even a UK rate rise could prompt a move lower in GBP/USD.