The Bank of England will issue their statement regarding interest rates and the quantitative easing program in about 12 hours time and we can expect volatility to increase as the event nears. The base interest rate is almost universally expected to remain steady at 0.5% but the market is unsure whether the BoE will expand its QE program or not. If you haven’t been trading the GBP seriously for the last few weeks, then today is not a good day to start.