Economics
Plunging Pound’s Fate Seen Clearer After BOE Meets Post-Brexit
- Thursday gathering to ‘set direction’ for sterling: Rabobank
- Chances of rate cut have risen almost sevenfold since EU vote
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Traders will be watching the Bank of England’s first policy meeting since the Brexit referendum for fresh reasons to sell the pound.
Speculation is building that BOE Governor Mark Carney will use the Thursday gathering to follow up on his pledge to take whatever steps are necessary to spur the economy.