<ul><li>We have to be prepared to see through policy tightening</li><li>Need to address potential upside risks to inflation</li></ul><p style=““ class=“text-align-justify“>The change in language by the BOE last week reaffirms the headline comment, so there isn’t much of anything new. There will be more rate hikes to follow by the central bank but in all likelihood, we are to see a 25 bps increment next.</p>

This article was written by Justin Low at www.forexlive.com.