Will sterling have a lively day?

Sterling movements were tentative yesterday, with little significant in the way of data from the UK and with the markets nervous about what today may bring. As such, no major movements were seen from the pound. The most important piece of data released yesterday was the consumer price index, with results coming out as expected causing a muted reaction amongst the markets. Today holds the UK’s most important release for the week, with the minutes from the latest Monetary Policy Committee meeting revealing how the members voted on both the current level of quantitative easing and the official bank rate. At present, most analysts are forecasting that the minutes will show that all 9 members voted to keep the current level of quantitative easing and the official bank rate on hold, any variation from this and you are likely to see a significant reaction in the market. Call your trader now for the latest sterling rates, on what may prove to be the busiest day of the week for the currency