The Bank of England will hold its latest monetary policy meeting on Thursday and the markets will be watching closely for any comments on the economic outlook for the UK. Sterling is still at strong levels this morning and could be impacted by any comments from BoE officials later this week.
The Federal Reserve is also holding its monetary policy meeting this week. Whilst no big changes are expected, Fed Chair Jerome Powell could comment on the recent rise of bond yields and projections for future interest rate hikes, as well as the impact of President Biden’s $1.9 trillion stimulus package.
In Europe, focus this week turns to data releases, such as economic sentiment figures, which will be published tomorrow morning.
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