BoE Expected to Hold Rates at 3.75% in June, Reuters Poll Shows

According to a Reuters survey, the Bank of England is widely expected to maintain the Bank Rate at 3.75% at its June 18 policy meeting. The poll, which gathered responses from 65 economists, shows consensus on a hold but highlights a split regarding the central bank's subsequent actions.

While the immediate decision appears settled, economists are divided on the timing and direction of the next rate change. Some anticipate a cut later in the year, while others argue for further tightening if inflation pressures persist. The outcome will be closely watched by currency markets, with GBPUSD likely to react to any shifts in forward guidance.