By Leigh Smith

So far during this mornings trading we have seen the Pound lose 0.4% against the US Dollar, making the cost of buying $200,000 around £500 more expensive.

As you may be aware, economical data releases can be very influential to exchange rates and today we have both the Bank of England and European Central Bank’s interest rate decision. Whilst I imagine both will keep rates on hold, all eyes will be on possible extensions to their respective stimulus packages.