Forex Preview: 20/09/2022 – BoE decision a close call to speed up rate hikes as worries mount

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The Bank of England will announce its September policy decision a week later than planned on Thursday (11:00 GMT) after the meeting had to be postponed until after the funeral of the late Queen Elizabeth II. As life in Britain returns to normal following a 10-day mourning period, policymakers are faced with the grim reality of a darkening economic outlook at a time when inflation is hovering around 10%. Market pundits are betting that the BoE might have to accelerate its tightening pace for the second straight meeting as the pound licks its wounds at 37-year lows.

0:00 Intro
0:24 Bank of England meeting
1:59 Pound
3:12 UK mini budget

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