The market is expecting interest rate decision from the Central Bank of England 9/7/2009

The real estate sector in UK is still weak as a result to the released economic data last week which drove the BOE to extending the duration of liquidity policy for the financial market to support borrowing level, we are waiting for the monetary policy committee MPC meeting and the decision making about interest rate, in addition the announcement of quantitative easing data, as a result we will see some intraday movement for this pair GBP/USD.