The jobs data isn’t expected to hold many surprises so its the MPC minutes which the market will be looking towards. Chief economist Dale and board member Weale are among the hawks on the committee and they will no doubt be warning about the dangers of a rising CPI whereas the more dovish members like Adam Posen will be arguing that the economy is still stagnant and more QE may be needed. The market will react depending on which side, growth or inflation, gets the more airtime.