FXstreet.com (Barcelona) - The Euro is enjoying the Pound weakness after the BoE minutes of the Nov 4/5 meeting was released today's morning. The EUR/GBP has jumped around 55 pips in the minutes following the report from 0.8865 to break MA55 hourly chart at 0.8890, trade above 0.8900 level and hit intra-day high at 0.8910.
Currently the pair is trading around 0.8880/90, 0.45% above today's opening price action at 0.8850.
The Pound dropped across the board in a matter of minutes after the release of Bank of England's minutes released three ways in scale of bonds purchasing in the minutes of the meeting held on the 4 and 5 of August.
The BoE voted unanimously to keep on hold its interest rate decision in the last interest rate meeting. The increased in QE was voted 7-1-1, with Miles voted to rises bond buys to GBP 215 Bln and Dale asking to keep QE at GBP175 Bln.