Is it too late for playing BoE rate decision?

BoE is to set rate tomorrow when it is expected to leave it unchanged. Recent comments from MPC's members affected the market sentiment about the future of monetary policy in short term. Two month ago there was a significant possibility of a decrease in interest rate but today is completely different. Although the fundamental data have been even weaker but the policy makers are now clearly concerned about inflation and considered an interest rate rise at their last meeting.

It may explain that why today's drop in Nationwide consumer confidence was unable to change the minds of sterling buyers. Dollar weakness in recent days has been a catalyst helping sterling to appreciate almost one percent for the day.

So, why I can't buy the British pound with confidence? Because I am thinking on the other side; long term negative impact from high levels of interest rates on an economy which faces inflation, falling home prices and slowing consumer spending. I think there will be people who want to benefit by selling the currency at a relatively high price.

If I am true in analysis how I can translate it to profit? I see it too late to be a buyer, but after the decision there would be opportunities for selling the sterling when the entry time would be highly depended on technical data.