Hey there traders!!! Tonight at 9 PM (UTC+9) the Bank of England will announce its Offical Bank Rate (Interest Rate). It is expected to remain at 0.50%. The last time the Bank of England changed the Official Bank Rate was on Thursday March 5, 2009 when it lowered the rate from 1.00% to 0.50%.
You can expect the GBP to strengthen dramatically if the result tonight is anything above o.50%. It has been 2 years in the making so far.
Currently the USD is showing strength in the currency markets.