TD Research discusses its expectations for the BoE December policy meeting on Thursday.
"We expect little new information from this BoE meeting, with Brexit uncertainty hanging over any decision. Q4 data has been in line with the MPC's forecast, but Q1 is likely to disappoint on further lockdowns," TD notes.
"With Brexit tensions building to yet another peak, we think the FX market will largely see the December MPC meeting as a placeholder. This has us looking for GBP to remain choppy and volatile until a final Brexit outcome is known," TD adds.