Quarterly Report is always the best indicator of the collective thinking of monetary committee. The latest report is still seen CPI below target level in two years, partly to serve markets persistence of thoughts about the possibility of further quantitative easing. Obstacle is the fact that the economy was fairly strong, and inflation - higher. Moreover, inflation expectations have risen as the markets and the polls. We expect that report will keep the hope for further QE, but the question for the sterling covers a wide range of issues. Even if he will not appear dovish, markets are still faced with a high degree of uncertainty in the coming months. Note that the FT reported on the unrest in the banks top management about the recent comments by the head of the bank's King on the fiscal tightening, as is usually the manager does not make remarks about fiscal policy. Most likely, he will get at a press conference today, making sterling vulnerable.
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