GBP/USD hovered around a 14-month high vs the U.S. dollar at the start of this week.
Traders and investors are looking at the Bank of England and wondering if its rate decision will fuel the uptrend we've been seeing in the last year.
GBP has benefited from the central bank's inflation concerns and is trading around the 1.28 mark against the USD.
Should the Bank Rate move upwards to 4.75%, as the majority of the market seems to expect, then we could see an attempt to reach and overtake the 1.30 level.
Watch our latest video to hear more about what to potentially expect from the pound.
