The minutes from the most recent Bank of England monetary policy meeting are due for release tomorrow and the big question for the British pound is whether or not the central bank has grown more dovish.

The central bank left interest unchanged earlier this month but economic data and recent comments from BoE officials suggest that more members could have favored a rate cut.  Back in June, Blanchflower was the only MPC member to vote for a 25bp cut and he is likely to have done the same this month, especially after his comment yesterday that the UK economy is headed for a recession.  Chancellor Darling also feels that the fallout from the global credit crunch is proving worse than expected.