Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
This chart from Bloomberg business shows that the rate cut expectations/probability from the Bank of England (BoE) has reached 100 percent, meaning that the market is certain of a rate cut this week. This means that a rate cut alone won't be enough to push the pound lower if one is priced in.
So, if the BoE disappoints, we are going to see big moves in the pound sterling, which as of now is trading at 1.318 against the dollar.
