Fully-Priced Market Awaits BOE Rate Decision

The transcript discusses the market's uncertainty regarding the Bank of England's potential interest rate changes, with a focus on Danny Blanchflower's suggestion for a 50 basis point increase. It explores the likelihood of a 25 basis point change and the potential for additional economic measures. The discussion also covers market reactions, currency positioning, and the impact of Brexit on economic policy.

What is the significance of the PMI data mentioned in the text?

What are the potential risks mentioned regarding the Bank of England's decisions?