Gbp/usd - 1.4603 ... Bank of England kept interest rate unchanged at 0.5% as widely expected n made no change to its 200 bln pounds quantitative easing target after putting it on hold four months ago. The BOE issued no further statement. Although the British pound retreated after intra-day rally to 1.4645 in European morning n sideways trading wud be seen until U.S. opening, renewed buying interest is likely to emerge at 1.4580/85 n 1.4565/70 with stops building up below 1.4550. On the upside, offers are tipped at 1.2085/90 with mixture of offers n stops seen at 1.2100.
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