By Alex Ellis

Tomorrow’s Bank of England minutes will not be a guarantee but should give some insight into how likey further QE is and whether or not we will see this before the end of the year. Sterling has fallen around 8% against the Euro on the back of a risk of an extension to the QE programme and therefore this release could be key.

 The last time the Bank of England actually extended their QE prgramme sterling lost 4% against the Euro and therefore this could be the beginning of a prolonged period of weakness for the pound.

In other currency news the FED chairman, Ben Bernanke is due to conduct a speech at 21:00 (BST) today and this could help to outline what the future for the economy is. There has been increased speculation of an increase to the Bank of England’s QE programme and therefore all eyes will be on this release to see if the FED outline what plans are for the QE2 programme.