FXstreet.com (Barcelona) - The Pound is trading above 0.9000 against the Euro after the Bank of England has decided to hold unchanged its interest rate decision at 0.5% and its QE plan. The EUR/GBP has been falling throughout the European session from 1-week high at 0.9025 to find support at 0.9000.
Currently the EUR/GBP is trading around 0.9000/10, 0.15% above today's opening price action at 0.8990.
The Boe will keep its benchmark record at 0.5%, the lowest level on record for the 11th month in a row, while the budget for its quantitative easing program will remain at GBP 200 billion. As usual, the Bank has not given any further detail of the meeting, whose minutes are due to be released on January 20.