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No major impulses from BoE

Following the Fed's hesitant approach the tension about a Bank of England rate decision has also eased. Nobody expects the BoE to go it alone. 

"The market has since postponed a first rate hike to 2017. It will nonetheless pay off to take a look at the meeting minutes to be published together with the rate decision, even though the contents are not likely to suffice to have a major effect on the FX market", says Commerzbank. 

Next month would be a more likely point for a change from one or other of those rate setters. It gives time for another PMI reading to confirm or deny the fall in September. And next month's BoE meeting coincides with the publication of a new November Quarterly Inflation Report forecast.

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