FXstreet.com (Barcelona) - The Pound has returned above 1.6500 and broke through 1.6515 to reach a fresh session high at 1.6545 after slightly optimistic BoE minutes.

The decision to keep its Bank Rate at all-time low 0.5% was approved unanimously, as well as to maintain quantitative easing program at GBP175 billion.

In regards to the economic assessment, the Bank affirms that economy is improving, and that low interest rates and a weak Pound should boost growth, although it warns about further bad news on banks' losses.

GBP/USD rally from 1.6345 has extended on the back of BoE minutes, and the Pound has broken above 1.6515 previous session high to hit 1.6545 high.

Next resistance levels lie at 1.6570 (Sept 17 high), and above here, 1.6610 and 1.6690. On the downside, support levels lie at 1.6330/45 (Oct 20 low/intra-day low), and below here 1.6305 and 1.6280.

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