FXstreet.com (Barcelona) - After falling from intra-day high at 1.6345 before the BoE interest rate decision, the GBP/USD is trading just above 1.6300 level after the bank voted today to maintain rates and asset purchases program unchanged. Currently the pair is trading around 1.6305/15, 0.35% above today's opening price action at 1.6260.
The Bank of England has decided to leave its official bank rate unchanged at 0.5% as well as to maintain its bond buying program at GBP200 billion. Bank affirms in its statement: The Committee expects the announced programme to take another two months to complete. The scale of the programme will be kept under review.
Valeria Bednarik, FXstreet.com collaborator, comments in the FXstreet.com live coverage: Efffect is mostly nule across the board. Dollar is taking some advantage now, yet is mostly because of gold at 1124 than reaction to the news. However Pound is the only one not losing ground at least. Anyway, short and shy movements still.