Anna 
The Bank of England (BOE) meeting delivered few surprises, with the central bank opting to maintain interest rates at their current levels. Economists at Deutsche Bank have analyzed the outlook for the British Pound.
A Temporary Convincing Scenario
Everything went as expected during the Bank of England’s monetary policy report and press conference, where the comments were evidently not seen as overly dovish.
Bank of England Governor, Andrew Bailey, reiterated multiple times during the press conference that the central bank’s responsibility is to maintain price stability, not to prevent an economic downturn. Moreover, considering interest rate cuts at this point in time would be premature. The market seems to be buying into this sentiment.
The question remains, should inflation become more stubborn, will the Bank of England continue to hold onto these statements? As of now, the market appears content, and there is a possibility of a temporary recovery for the British Pound.
