Pound Dives Versus Australian Dollar Ahead of BoE Rate Decision

The Pound Euro (GBP/EUR) exchange rate is holding steady ahead of a busy day.

The Scottish election are not expected to cause great movement in the Pound, given that any possible independence referendum in the case of a clear SNP win would still be some years away.

The Bank of England is expected to be the central focus. The central bank is not expected to adjust monetary policy but could start to sound more upbeat about the outlook for the UK economy.

Boris Johnson sending the Navy to Jersey amid the Brexit fishing row hasn’t impact the Pound.

The Euro looks to retail sales for further clues, after strong composite PMI numbers in the previous session.