Steven Saywell, global head of FX strategy at BNP Paribas, says sterling is undervalued and a rate hike from the Bank of England at the end of 2014 could push the currency higher.
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Nour Al Hammoury, market strategist at ADS Securities, says the current level of sterling is not worrying the Bank of England but a further rise could alarm the central bank.
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John Mann, Labour MP for Bassetlaw, says the Bank of England's structure needs to change after the governor of the central bank was grilled by British members of parliament on allegations of currency manipulation.
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Bank of England governor Mark Carney tells an influential committee of British parliament members that there was no information to suggest any Bank of England officials colluded or condoned any currency market manipulation. manipulation.
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Bank of England governor Mark Carney says the bank will appoint a new deputy governor to conduct a "root and branch review" of how the central bank conducts "market intelligence".
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Hamish Pepper, Forex Strategist, Asia Pacific at Barclays, discusses the outlook ahead for the sterling following the Bank of England's bullish GDP growth revision.
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CNBC's Steve Liesman talks with Charles Bean, Bank of England deputy governor, about whether quantitative easing works; the usefulness of forward guidance, and why QE is impacting global currencies.
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Simon Hayes, chief UK economist at Barclays Capital joined CNBC on Wednesday to discuss the possibility of the Bank of England downgrading the growth forecast after the recent market turmoil.
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The Bank of England's Monetary Policy Committee judged that recent economic weakness had reduced the chance that interest rates would need to rise in the near term, minutes to the BoE's July meeting showed on Wednesday.
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