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GBPUSD: Daily Analysis & BoE Focus

The Bank of England is likely on Thursday to deliver a brighter outlook for the UK economy, reducing its forecast for inflation this year and potentially opening the way to interest-rate reductions that could boost growth.

Economists surveyed by Bloomberg unanimously expect the UK central bank to leave its key lending rate at a 16-year high of 5.25% when the latest decision is announced at 12 p.m. London time. Investors expect forecasts accompanying the decision to signal when monetary policy might be eased.

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