7) Britain heads toward a back-to-back rate cut on Thursday, at 11:00 GMT. The Bank of England (BoE) has been cautious in its approach to cutting interest rates, as core inflation remained high and the economy continued to grow. That may have changed recently, as unemployment rose to 4.6% in April, and the economy shrank by 0.3% in April as well. That may push Bank of England Governor Andrew Bailey and his colleagues to cut interest rates for the second time in a row, the first back-to-back slashes since early 2020. Expectations stand on a no-change move, but a cut cannot be ruled out.  Apart from the decision, investors will also be watching the voting pattern within the Monetary Policy Committee (MPC). Back in May, there was a three-way split between those back leaving borrowing costs unchanged, the majority supporting a 25 basis point (bps) cut and those opting for a double-dose 50 bps move. If many lean toward a rate cut, the Pound Sterling (GBP) would suffer more than in the case of a larger consensus.