Thursday preview: MPC expected to keep its powder dry

Despite an incredibly busy company results schedule on Thursday, investors will be forgiven for being a touch distracted as they wait for the Bank of England's decision on its asset purchase programme (quantitative easing, or QE), due out at noon.

Despite an incredibly busy company results schedule on Thursday, investors will be forgiven for being a touch distracted as they wait for the Bank of England's decision on its asset purchase programme (quantitative easing, or QE), due out at noon.

Though the suspicion is that there is a sizeable minority on the Bank of England's Monetary Policy Committee (MPC) in favour of more QE, the market believes it is, nevertheless, a minority. At least, that is the interpretation based on sterling's movement, as the pound normally takes a pounding when the market thinks more QE is on the way.

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