Strategists and traders will be acutely following the Bank of England’s policy meeting, watching for Gov. Mark Carney’s statements on Brexit, inflation and the pace of rate hikes in 2018 as the U.K. central bank concludes its policy gathering Thursday. British inflation figures beat estimates on Tuesday, exceeding the BOE’s 2% target. This is putting Carney into a precarious situation just two days before the central bank’s policy meeting. The U.K. has been struggling to straddle its slowing economy, Brexit-dominated future and rising inflation. This is a problem Britain is battling alone, as most G-10 central banks have been wrestling with stubbornly low inflation as their economies recover from the 2007-09 financial crisis. Strategists attribute the rise in consumer prices to Britain’s proposed exit from the European Union, known informally as Brexit, which has led the pound to plummet, driving import prices higher. Simultaneously, the recovery in oil prices this year put pressure on material input costs for companies.via