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Good news for anyone looking to buy US Dollars this morning, with sterling Dollar exchange rates increasing by 0.3% during the open of the day.

The Bank of England minutes are released in 20 minutes or so, so all eyes will be on how many, if any, members of the MPC have voted in favour of an interest rate hike. If more than June’s 1, Andrew Sentance, then expect to see the movements seen this morning continue through the course of the day and the sterling Dollar forecast looking slightly more promising.