After a couple of good days, yesterday was a disappointing day for sterling, falling for the first time in four days against the euro, with minimal change versus the US dollar. This movement came in spite of much better than expected monthly manufacturing production data being released showing 1.9% growth when only 0.9% had been expected, as well as strong monthly industrial production data from the country. More positivity came as the National Institute of Economic and Social Research (NIESR) released figures showing that the continued recovery for the UK with growth of 0.7% in the three months to the end of July. It appears that investors are choosing to ignore the positive data and continue to act tentatively ahead of today’s message from the Governor of the Bank of England Mark Carney, alongside the inflation report. It is expected that the Governor will provide so-called “forward guidance” on interest rates and in turn if he suggests that there is no potential of an interest hike in the near future, you can expect sterling to suffer. At present, what will be said is an unknown, but you can expect volatility in the markets shortly after its release. Call your trader now to get an up to date price on Sterling on a very important day for its performance.