FXstreet.com (Barcelona) - The Bank of England has decided to leave its official bank rate unchanged at 0.5% as wll as to maintain its bond buying program at GBP175 billion. The pound has edged down to 1.6035.
The Pound has eased slightly, from 1.6095 intra-day high to 1.6035 low minutes after the Bank released its decision. 1.6125 (Sept 30 high) and above here, 1.6200 and 1.6390 (Sept 24 high). On the downside, initial support level could be 1.5935, and below here, 1.5855 (Oct 7 low) and 1.5805 (Oct 2 low).