By Alex Ellis

Today sees an interesting day for both Sterling and the Euro as both of the central banks will release their interest rate decision today. The bank of England will release theirs at 12:00 (GMT) whilst the European Central Bank will release their decision at 12:45 (GMT). The prediciton is that neither of these will increase interest rates however usually the governor of each of these banks will conduct a speech during which they will announce the forecast for the currency.

For those looking to buy Euros you must treat today with severe caution as any movement could affect the savings you recieve on your currency purchase.