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GBP Trading Outlook (07-02-2013)

The Sterling (GBP) the GBP/USD will be vulnerable to its own interest rate event risk today with the MPC meeting but widely forecast to stay on hold. Volatility may come from the future BOE Governor who will be speaking before the MPC and may offer his own view on the current UK monetary policy. Looking ahead, Future Governor Carney Speaks. MPC Forecast to hold rates at 0.5%. Also, ECB Interest Rate Meeting forecast to hold at 0.75% with attention on President Draghi’s press conference afterwards.

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