The Bank of England will strike a 'hawkish' note on Thursday but don't expect this to boost the Pound.
Pound Sterling is under near-term pressure against the Euro as it enters a week that will be dominated by a Bank of England interest rate decision.
The Pound to Euro exchange rate has fallen back below the key 1.19 marker amidst "unhealthy price action" in Sterling markets.
Investors are dumping UK bonds and the British Pound in a sign of renewed unease over the Labour Government's spending and taxation splurge.