Inflation in the UK fell to 3.2% in March from 3.4% but remained slightly above expectations. Market sees 56% chance of rate cut in June and 72% in August.
The focus is on BoE's vote split, forecasts, and forward guidance. Volatility expected in Sterling forex pairs during BoE press conference.
Bond yields may be pressured if Andrew Bailey's remarks are dovish. UK's GDP Growth Rate for Q1 expected to rise to 0.4%, potentially leading to Sterling rebound.
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