The Pound has remained broadly unaffected by BoE's monetary policy decision, with GBP/USD steady at 1.5980 half way through the days trading range 1.5940/6020. EUR/GBP trades at 0.8940, above important support at 0.8925, and the GBP/JPY at 129.45 within the consolidation range between 129.00 support and 129.65 resistance.
The BoE has decided to leave its Bank Rate unchanged at 0.5% all-time low, as widely expected as well as to maintain the target of its bonds purchasing programme at GBP200 billion. As usual, the Bank has not given any further details, the minutes of the meeting will be released on July the 20th.
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