FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that today’s market focus will be on the outcome of Bank of England’s and SNB’s policy decision which can result in market volatility. Key Quotes “BoE: The Bank of England’s policy decision is set to provide the domestic market focus. No change in policy universally expected, and an unchanged 8-1 vote split is anticipated in the MPC minutes. Excepting further marked weakness in oil prices, data since the November MPC meeting and the Inflation Report so far have evolved broadly in line with expectations. As such, the main interest may lie around any commentary on recent movements in market interest rates, notably the marketimplied timing of a tightening in Bank Rate. Having been pulled in somewhat after the ECB’s policy loosening last week, one hike is fully priced around the turn of the year, later than on our central view of August 2016. SNB: Central banks will also be the main focus elsewhere. The SNB is expected to leave policy unchanged, though with some risk seen of further loosening. ECB speakers - Weidmann, Couere, Liikanen, and Jazbec - may provide further colour on their preferred calibration of the ECB’s policy stance. In the aftermath of the MPC minutes, BoE Governor Carney’s comments later today seem unlikely to focus on monetary policy.” For more information, read our latest forex news.