Sterling will come under pressure this week ahead of the latest interest rate decision from the Bank of England's (BoE's) Monetary Policy Committee (MPC), analysts have claimed.Daily FX expects foreign exchange trading to be relatively calm until Thursday (October 9th), when the decision will be made.Interest rates are currently pegged back at 0.5 per cent, the lowest level in the 315-year history of the BoE.The foreign exchange trading site predicts that while the MPC will keep rates on hold, the accompanying policy statement will be scrutinised closely by traders looking for tentative signs of recovery.Last week, improved purchasing managers' index data and rising house prices helped to provide support for sterling, establishing it as one of the strongest major currencies during the seven-day period.However, the pound's gains were tempered by weak mortgage approval figures which revivified concerns about the health of the individual lending market in the country.