The Pound Sterling rate has had a fairly flat start to the week in trading today, possibly the calm before the storm of an interest rate decision due out on Thursday at 12:00?

The Bank of England are fairly good at weakening the Pound and all eyes will be on what is said during and after the decision at 12:00pm on Thursday.

This decision is follwoed shortly after by the European Central Bank interest rate decision and a press conference by Mario Draghi (head of the ECB). The press conference has led to extremely volatile Euro rates over the past few years.