The Federal Reserve’s meeting will clearly be the primary central bank news to watch next week, but the release of the minutes of the Bank of England’s Monetary Policy Meeting is a known market-mover for the British pound.
The news could weigh on the pair as there were likely a few votes for at least a 25bp rate cut. We can bet that über-dove David Blanchflower was one of the MPC members in favor of a cut, but the more members in favor of a rate reduction, the more bearish the minutes will be for the British pound pairs.
Author, John Kicklighter and Terri Belkas, Currency Analysts
