(RTTNews) - At 4.30 am ET, the Bank of England is scheduled to release the minutes of the September 8 meeting of the monetary policy committee, which decided to leave the benchmark interest rate at record low of 0.5 percent. Economists are awaiting the release to know if any other members joined Adam Posen in seeking expansion in the QE.
The Office for National Statistics is slated to release the public sector net borrowing figures for the month of August. Economists forecast the borrowing, excluding interventions, to amount to GBP 13 billion during the month.
The pound showed mixed trading ahead of the data. While the British currency traded lower against the dollar and the yen, it held steady versus the euro and the Swiss franc. As of 4:25 am ET, the pound was trading at 119.85 against the yen, 0.8708 against the pound, 1.4040 against the Swiss franc and 1.57 against the greenback.
