The Bank of England is expected to keep interest rates on hold again at the meeting on Thursday. The last vote to keep interest rates on hold was split 7-2 in favour of keeping rates on hold. Martin Weale and Ian McCafferty were the first to vote for a rise, but have long been considered hawks. If Andy Haldane follows suit, we would expect Gilts yields to rise significantly as it would leave only 2 doves battling for the middle ground of opinion. Market consensus for the next rise has been moved to Q3 2015. The ECB will also announce their decision on Thursday and we will see whether the bank has plans to extend their bond buying to other forms of asset backed bonds and loans.