The economy is going through yet another period of uncertainty as data showed that it remains just above the line between expansion and contraction that is the best that can be expected in the short term.Although there was a marginal improvement from the previous quarter, where the economy contracted by 0.1% the outlook remains disappointing. The irony of this is that the economy is not sufficiently weak to bring either headline or core inflation down rapidly.Following Andrew Bailey’s stinging recent critique, in which he said the potential for growth is the least he can remember in his entire working life, the Bank of England’s Monetary Policy Committee meets this Thursday.The outcome of the vote is overwhelmingly expected to be for another pause in the cycle of interest rate hikes, which will be the third, following fourteen consecutive hikes which took short-term interest rates from 0.10% to 5.25%.As well as the MPC meeting, there is a great deal of data due for release this week, starting with the November Employment Report tomorrow. It is expected that the claimant count will have risen marginally, while the unemployment rate remains steady at 4.2%.Beyond Currency Market Commentary:Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.