Although no rate changes are expected the Bank of England generally make annoucements on how they are to combat the current economic situation over here, and any mention of quantitative easing may have an effect on the market.
Should Mervyn King (Head of the BOE) announce that he will be pumping further money into the economy this could lead to (and has led to previously) Sterling weakness as this is seen as negative for the economy. Should Mr King say that the QE program is now over than this may lead to Sterling strength so the market today could go either way - it is really a coin toss unless you have a friend that is a member of the Monetary Policy committee!!!
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Have a great day and thanks for reading!
Daniel Wright
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