By Alex Ellis

Today’s  Bank of England interest rate decision at 12:00 BST is key to market, if there is any hint of an extension to the Bank of England’s quantitative easing programme then you would expect sterling to tumble even further. However if the Bank of England do not expect any extension then we could expect a sterling recovery. Therefore this release is one I would highlight as being key to the market.

In US news today at 13:30pm today US jobless claims figures are released and these tend to outline the future of the economy. A percieved negative figure here could cause further swings in sterling’s favour so keep in close contact with Currency Line around this time to ensure you maximise your savings.