Today’s market hours brings the latest Monetary Policy Statement from the BOE as well as the central bank’s interest rate call, all dropping at 11:00 GMT; a 25 bps rate hike from the BOE has been highly anticipated, but a recent slump in UK economic data has left the odds of a rate hike on the low side, and yesterday’s Markit PMI dropped to 54.0, below the market’s broader expectations and slipping further away from the previous reading, implying a slowdown for the UK could be on the cards for England’s domestic economy. Brexit concerns also remain close to the surface, with trade talks between the EU and the UK continuing to make little progress, despite the official deadline of March 2019 fast approaching and no final deal in sight. Talks are set to resume in mid-August with Prime Minister Theresa May at the helm, taking over Brexit negotiations personally. Today’s market hours brings the latest Monetary Policy Statement from the BOE as well as the central bank’s interest rate call, all dropping at 11:00 GMT; a 25 bps rate hike from the BOE has been highly anticipated, but a recent slump in UK economic data has left the odds of a rate hike on the low side, and yesterday’s Markit PMI dropped to 54.0, below the market’s broader expectations and slipping further away from the previous reading, implying a slowdown for the UK could be on the cards for England’s domestic economy. Brexit concerns also remain close to the surface, with trade talks between the EU and the UK continuing to make little progress, despite the official deadline of March 2019 fast approaching and no final deal in sight. Talks are set to resume in mid-August with Prime Minister Theresa May at the helm, taking over Brexit negotiations personally. 