By Alex Ellis

Sterling lost ground against the Euro and Dollar yesterday, this can be attributed to the caution that investors are taking ahead of the Bank of England’s interest rate decision tomorrow at 12:00 (GMT). The BoE are also expected to announce whether or not they are going to continue the asset purchasing programme Quantitative Easing, in the past any announcement regarding QE has caused excessive market volatility.

For those looking to buy another currency using Sterling, it may be worth contacting an experienced currency broker, in order to best manage your currency requirements and reduce your risk when sending money overseas.