BoE faces tricky decision

MARKET NEWS

LONDON -- The Bank of England faces a difficult decision at its next monetary policy meeting, analysts told FX Week.

The BoE has twice cut interest rates recently -- a 25 basis point cut after the September 11 attacks, and another 25 at a scheduled meeting earlier this month. But analysts are split over the future course of UK monetary policy.

Some said the FX markets would have a significant influence on the next decision. "The last meeting, voting 8--1, with the only disagreement on the size of

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