Fxw Research: Boe Policy Meeting This Week Likely to be a Non Event

Quotes from RBS:

-The BoE policy meeting this week is likely to be a non event given little has changed over the month to alter the MPC's current stance. As is usual for unchanged policy, the MPC is unlikely to publish an accompanying statement, so we will have to wait for the Minutes on 19 December for discussions behind the decision.

-More important for GBP is likely to be the survey data, as will be the reaction to the BoE's detailed review of the Funding for Lending Scheme (FLS) data. We continue to remain doubtful that the FLS will have a meaningful impact on lending and that further policy easing will eventually be necessary.