As if you need reminding we have a triple-whammy today when the Bank of England brings us their latest interest rate decision, the Minutes of that meeting ( in a change of procedure) and the quarterly inflation report

Being branded in media circles pithily as "Super Thursday" it has every chance of being a Super Disappointment but there's no doubt that Carney & Co have a lot to discuss

There's no chance of a rate hike tomorrow or indeed any time soon with the earliest being sometime in Q1 2016. Yep, I know that Carney said "turn of the year" but with the US Fed running scared of a hike I can't see him jumping the queue

The global economy is in fragile mode with falling demand and commodity prices undermining any potential growth both here and abroad. The only saving grace is the weaker oil price but that is also preventing any real, much-needed, inflation growth so we'll see how the Old Lady's take on that and their own previously bullish forecasts stand up now

Seems like the markets have a hawkish bent to the interest rate vote with as many as three in favour of a hike being factored in now from 1-2 initially. So it's going to take something exceptional for any knee-jerk rally to be sustained.

Today's softer services PMI reading won't give them much cheer coming as it does on top of weaker construction and manufacturing this week. And the hiring count for the services sector is at 16 month lows which will have a knock-on effect to the BOE 's closely watched wages growth.

I'm not saying it's all doom and gloom but we and the world are a long way from reaching a point of any comfort or stability. Carney will undoubtedly have that scenario very high up his hike-timing agenda as well as trying to calculate the impact on household debt with equity release lending back approaching 2008 levels a particular concern surely.

Of course, we still have a few hours to go and this could all become a game of bluff and double bluff as the hawkish tones turn to overkill only to then push on again tomorrow when the facts are known

Carney at the crossroads- still

Either way we can expect volatility and you will need to decide where you sit on the GBP bear/bull scale for post-event analysis even if you don't actually put a trade on prior. For me interest rate hikes are still casting a real shadow over the UK economy, and the potential fall out is real. Others disagree and/or are focussing more on yield and that is their prerogative.

GBPUSD levels to look out for, and in the meantime, will be 1.5650 then 1.5700-10 and on the downside 1.5525 and 1.5485-1.5500. EURGBP has support at 0.6950 then more into 0.6885-6900 with offers into 0.7030-50

As always trade what you see but try and see beyond the headlines and inevitable knee-jerk reaction.BOE interest decision/Minutes/inflation report all out at 11.00 GMT with the inflation presser starting at 11.45 GMT and beamed live from their website here

Over-hyped? Probably. Opportunity? Definitely.