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GBP Prelim GDP q/q

"The Bank of England (BOE) is widely expected to trim the policy rate 25bps to 4.25% (12:02pm London). An 8-1 vote split in favor of a 25bps cut is expected. Staunch dove, Swati Dhingra, will likely support a larger 50bps cut. The quarterly Monetary Policy Report will be released at the same time. Most indicators of UK near-term activity have declined, and services inflation is cooling faster than the BOE’s projection."