UK labour market data showed further cooling in July and August, with payrolls down 26,000 and wage growth easing to 3.9%, ahead of the BOE decision.
Goldman Sachs expects the Bank of England to hold rates this week, with markets focused on the MPC's tone for hints on future moves and gilt market…
UK GDP rose 0.4% in July from June, beating forecasts for no change, as services led gains and annual growth reached 1.6%.
BoE officials express concern over energy price rises and external risks with weak domestic economy.
UK retail sales growth slowed to 0.7% in August, the smallest increase since April, as the summer boost faded. Consumer confidence also dropped.
BOE Chief Economist Huw Pill advocates for raising the Bank Rate to 4%, sparking a GBPUSD rally.