Today at 14:00 is the decision on interest rates in Britain.

Despite the expectations the Central Bank of England to ease the policy, sterling has been looking pretty perky of late. That might in part be a consequence of the challenge that Brexit poses to both the Bank of England and currency traders.

Priced at $1,335, the pound was up 3.5 percent from its lowest point, after the vote  Britain to leave the EU. Sterling continued to gain profits even with the expectations of a drop in interest rates today and supported by the weak dollar.

Members of the BoE in the UK are certainly on the move during August. Managers of sales Markit's index signaled shock in the business sector in July, after the services sector recorded its biggest one-month decline. Many economists expect a rate cut to 0.25% and new asset purchases by the BoE.

There are doubts about how effective the monetary policy will be. The picture after Brexit is still unclear: it's unclear when the process of leaving will start or what will be the final destination of the UK economy.

Brexit is quite confusing political situation quite unlike a clear economic crisis or market panic. President of the BoE, Mark Carney and his colleagues are facing a particularly difficult task in framing the future of the economy.

In recent months, it has paid to bet against heightened expectations of central-bank action.