The pound has fallen in foreign exchange trading ahead of the latest interest rate decision from the Bank of England Monetary Policy Committee (MPC).Speculation continues to grow that the MPC will once again hold interest rates at 0.5 per cent - a record low.Although high inflation levels continue to increase the pressure for a rate rise, the slow and unstable growth has so far outweighed the inflation risks and as a result the Bank has opted to keep interest levels unchanged.In a survey of 55 analysts, Bloomberg found that none expected there to be a rate rise today.Although sterling has dropped against the euro, it has made gains against both the dollar and the yen, the news provider reports.Increasingly, investors are predicting the first rate rise from the MPC will come next year, rather than in November as had been previously predicted.This month's MPC meeting is the first without Andrew Sentance, who had led the calls for a rate rise. Ben Broadbent, formerly of Goldman Sachs, has taken his place.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site