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Any one with a Sterling exchange requirement should be keeping a keen eye out for the release of the BoE minutes today at 9:30 which is likely to be pivotal to Sterling strength or weakness in the short term. Even though there hasn’t been and interest rate hike and we are unlikely to see one this year my focus would be on the BoE stance on Quantative Easing. QE is now backed by some as the only stimulus package that hasn’t been fully explored in the UK.

To discuss your requirment and how you can limit your exposure to sporadic market movements please contact me on asp@currencies.co.uk