BOE Preview: Will we finally see 50bps?

Markets will now be turning to focus on the Bank of England, who are due to announce their next interest rate decision on Thursday.

With inflation in the UK continuing to surge, the BOE has faced increasing criticism for sticking with their steady monetary policy approach, while other major central banks have implemented more aggressive tightening cycles.

Will the BOE finally ramp up the pace of their rate hikes?

Read our preview for a deeper insight into what to expect and how it could impact the FX market: