— more to come
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The Bank of England was expected to leave its interest rate unchanged at 0.75% in a unanimous vote. However, some have expected the BOE to alter its language and drop its intention to raise rates. The Federal Reserve, the European Central Bank, and other central banks have changed their policy amid low inflation and rising uncertainty related to trade.
In the UK, Brexit uncertainty is elevated while economic data has been mixed. Governor Mark Carney will deliver a speech at Mansion House later in the day.
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