FXstreet.com (Barcelona) - European markets are trading at positive levels on the back of gains by technologicals, fuelled by strong quarterly earnings expectations in the U.S. Euro and Pound continue consolidating at high levels.
Eurostoxx 50 Index trades 0.38% up, while German DAX Index rises 0.66%, and the French CAC index adds 0.44%. In the UK, London FTSE Index advances 0.2% above its opening level.
technological companies are leading gains on Thursday's session as improved quarterly earnings expectations in by Texas Instruments have favoured counterparts in U.S. and Asia. Furthermore, ASML Holding NV, Dutch semiconductors producer raised its third quarter's guidance .
TodayÂ´s main event, however, will be the Bank of England's monetary policy decision due at 11:00 GMT, although rates are widely expected to remain at 0.5% all time low, markets await for news about the ban's Quantitative Easing program.
Dollar remains at mid-term lows against majors
EUR/USD has remained trading in a range between 1.4540 and 1.4585 after having peaked on Wednesday at 1.4600, year to date high. At the moment, the Euro trades at 1.4550.
GBP/USD eased on early European session to break intra-day low at 1.6525 and test 1.6500 although the pair has bounced up, reaching levels around 1.6535 at the time of writing.
USD/JPY remains trading in a range from 91.90 to 92.25 after having bounced from a fresh 6-month low at 91.60. At the moment pf writing, the Dollar trades at the upper limit of the range, testing resistance at 92.20/25 area.