BOE Expected to Cut Interest Rates, Breaking From Fed. It's Good for the Dollar. - Barron's

1. Bank of England expected to cut rates due to weak growth outlook. 2. 97% chance of a rate drop to 4.5% is predicted this Thursday. 3. U.S. and European monetary policies are likely to diverge this year. 4. U.K. inflation remains above target, complicating growth forecasts. 5. The pound has weakened against the dollar, impacting trade.