The Bank of England is expected to maintain interest rates at 3.75% on Thursday, according to economists at Natixis, who describe the decision as a 'status quo' move.
Natixis notes that near-term inflation risks linger, and the Pound Sterling has edged lower against the Euro in anticipation of the Bank's decision.
The EUR/GBP exchange rate rose 0.15% to 0.8564 on Wednesday, while GBP/USD traded close to 1.3300.
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