FXstreet.com (Barcelona) - European markets are going through modest gains on a renewed feeling that the worst of the global crisis might be already over, Euro, Pound and Yen are hardly moved in a low volatility session.

Eurostoxx 50 Index is adding 0.70% while German DAX Index gains 1.04% and the French CAC edges up 0.40%. London FTSE adds 0.22%.

The Bank of England has announced its decision to keep its bank rate at 0.5%, while reaffirming its decision to buy £75 billion in bonds on early June.

Currencies little moved

The Pound lost a handful of pips after the BoE announced its decision although the GBP/USD keeps trading above 1.4635 support level. The Pound has remained moving from the mentioned support to 1.4700 level after attempt to break above 1.4780 turned unsuccessful.

EUR/USD has dropped to levels above 1.3235 after having remained around the 1.3300 level for most of the European session. USD/JPY remains moving in a range from 99.80 to 100.20.