Bank of England and ECB interest rate decisions on Thursday important for anyone looking at GBP/EUR (Mike Vaughan)

Happy New Year!!

As the market begins its first full trading session of the year we have a busy week to kick off 2014 culminating in the Bank of England and European Central Bank interest rate decisions on Thursday. I would certainly not expect to see any change in base rates from either central bank but would certainly keep an eye on the post decision press conference from Mario Draghi scheduled for 13:30 on Thursday. Any positive sentiment and the current strong buy levels for GBP/EUR could quickly evaporate.

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