The Bank of England is expected to deliver a 25bps hike at its upcoming meeting with a 9-0 vote split. A reminder that last month, Tenreyro had been the sole dissenter, voting to keep the Bank rate unchanged given the uncertainties surrounding the Omicron variant. This will mark the first back to back hike since 2004, however, with money markets fully priced in for a 25bps hike, the focus for traders will not necessarily be on what they do, but what they say.
