Bank of England and Federal Reserve meetings next week will be in focus, however, don’t expect any changes to asset purchases or interest rates just yet as economies remain under pressure. The US sees the Federal Reserve meeting, which will include updated Fed forecasts, retail sales and industrial production data. Fed Chair Jerome Powell's comments last week suggest the Fed is very much in a holding pattern and while the improved vaccine news and the reality of a 2Q reopening is likely to see GDP revised higher, little else is likely to change in terms of the statement or forecasts. The bank remains relaxed on ... (full story)