The Bank of England is caught between a rock and a hard place, and it may be prudent to pour a bit of Bailey in the Espresso for the committee this morning. A 50 bp hike would signal panic, while delivering 25 bp risks jeopardizing the GBP.

The Bank of England is caught between a rock and a hard place, and it may be prudent to pour a bit of Bailey in the Espresso for the committee this morning. A 50 bp hike would signal panic, while delivering 25 bp risks jeopardizing the GBP.