By Stephen Hughes

The market seems to be waiting for confirmation as to whether or not the Bank of England will continue it’s programme of quantitative easing.

Sterling seemed to gain strength after the MPC interest rate decision last week when it was announced there would be no increase to the £125 billion worth of “printed money”. But this positivity seemed to fall away fall away Wednesday when BofE Deputy Governor Charles Bean stressed that the bank was not ending the programme.

Keep an eye out for any more news regarding this situation as it is having a major influence on Sterling adn the direction of exchange rates.