The Bank of England (BOE) is widely expected to leave interest rates on hold Thursday at a record low of 0.25 percent on the back of U.K. economic strength outpacing expectations in the wake of the EU referendum.
The U.K.'s central bank is also seen maintaining the targets for its ongoing asset purchase facility (APF) - its quantitative easing program - at current levels of £435 billion ($537 billion) for U.K. government bonds (gilts) and "up to" £10 billion for corporate bonds.
Since Governor Mark Carney's recent clarification that he would extend his 2018 end date by one year - a timing which may cover the U.K.'s two-year exit period from the European Union - the focus of Thursday's press conference has turned to the bank's view of the country's economic health.
One important ingredient in forming this outlook will be the bank's inflation forecasts, set to be unveiled in its November inflation report at 12:00 p.m. London time. Inflation data reported since the previous report was delivered in August has spiked, alongside a plunge in sterling.
Gross domestic product (GDP) also put in a strong performance in the third quarter, with the 0.5 percent figure recorded soundly beating expectations of a 0.3 percent rise and trouncing the BOE's revised estimate from August of 0.1 percent.