The Financial Policy Committee [FPC] statement due for release at 9:30GMT may express concerns regarding the growing credit boom. A cautious tone may boost BoE rate hike bets and strengthen the bid tone around the British Pound.
Sterling traders also need to keep an eye on the gilts as the yields might drop in response to Moody’s downgrade. That would be bearish for the Pound. Across the pond, wires will reporting on speeches from Fed’s Williams and Fed’s Evans, Chicago Fed and Dalls Fed manufacturing indices.