0720 GMT UniCredit analysts say the Bank of England's monetary policy council meeting will "probably" leave monetary policy unchanged. It expects a 25 basis point cut in interest rates to 0.25% in August and a further cut to zero in November. However, it sees a "big risk" of the BoE cutting rates already on Thursday. UniCredit sees the MPC likely to leave the door open to further asset purchases but it thinks the MPC is likely to favor more targeted stimulus measures, such as boosting its funding for lending scheme. The 10-year gilt benchmark is currently trades at 0.796%, according to Tradeweb. GBP/USD trades up around 0.7% at $1.3220.(emese.bartha@wsj.com ; @EmeseBartha)