Some chances for surprising interest rates cut of Bank of England are possible today. The high level of the interest rates put some questions about the UK housing market. The high interest rates cool the housing sector at the same time the manufacture sector is going down. At the moment the UK interest rates are at 5.75%. For the moment most of the traders expect Bank of England to hold the interest rates unchanged at 5.75% but the chances for rate cut raises and if not today on the next BoE meeting is possible interest rates cut with 25 bps. The pound trading is sure above 2.10 against the dollar and is on the way to test 2.11 soon.
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