Published by Jamie JemmesonForeign exchange traders will today (January 7th) be anticipating the conclusion of the latest meeting of the Bank of England's Monetary Policy Committee (MPC).Commentators are broadly expecting the group to keep interest rates on hold and maintain its quantitative easing programme at £200 billion.Speaking to MarketWatch, Nick Stamenkovic, an economist at RIA Capital in Edinburgh, said there is still widespread jitteriness in the UK economy."There are obviously worries about the fiscal position and there's nervousness about who is going to step into the gap once the Bank of England stops buying gilts," he commented.Elsewhere, the Telegraph's assistant editor Jeremy Warner has claimed that while the Bank is likely to keep its quantitative easing programme on hold, it will soon be looking for ways to east the spiralling public debt deficit.He explained that attempting to sell the gilts it has purchased back to the market will be "folly" and therefore will have little option but to consider an interest rate rise later in the year.Such a strategy may help to boost the pound on foreign currency markets after a record devaluation.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site