Fxstreet.com (Jakarta) - The Sterling (GBP) was poised below 1.500 most of the day until surging US stocks encouraged the market to break above late in the US session. The BOE meet on Thursday although the market is expecting no change to the 0.5% rate.

Any change in the scope of Quantitative easing could still be quite a market moving event, said Easy Forex Team. Overall the GBP/USD traded with a low of 1.4834 and a high of 1.5037 before closing the day at 1.5010 in the New York session.

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