Key BOE Meeting; Big Bank, Pharma Earnings: Sunday UK Briefing

Hello again. Here’s what we’re talking about heading into the new week.

The big meeting: The Bank of England meets Thursday and is being urged to end its bias toward further rate hikes as inflation falls, or risk undermining its own credibility, creating a tricky communication challenge for Governor Andrew Bailey. The committee is likely to soften its guidance, yet “the risk is the BOE doesn’t shift its narrative and sticks to its hawkish line,” says Bloomberg Economics. That would likely push back the timing of a first rate cut to June.