Bank of America Global Research discusses its expectations for tomorrow's BoE policy decision.
"Risks skew to a hawkish message at Thursday's BoE policy meeting, in our view, as rate setters focus on Budget stimulus.
Little to limit market focus on the hawks near-term. Medium-term, fiscal uses up the room for policy tightening, in our view," BofA notes.
"FX: Bar to dovish surprise is high given recent communication. GBP could benefit from optimistic tone," BofA adds.