Flash: BoE is expected to keep policy stance - UBS

FXstreet.com (Córdoba) - The pound rally continued this week as several forward looking indicators surprised with a strong reading. The UBS analyst team commented on the looming BoE decision in the light of the recent events.

Key Quotes

"With such readings the Bank of England has to clarify its stance on forward guidance this Thursday by assuring markets that further stimulus is currently a rather remote option".

"The rally of the GBP illustrates that investors prepare also for a rather bullish statement. We keep our positive stance for the pound - in particular versus the euro and the Swiss franc".