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As widely expected, the Bank of England made no policy changes in the last rate decision made by Sir Mervyn King. The interest rate remains at 0.50% and the QE program is unchanged at £375 billion.

GBPUSD was advancing in the last sessions, trading well over 1.54. Cable continues advancing, enjoying the weakness of the US dollar against most currencies. British PMIs came out better than expected earlier in the week.

All eyes are now on the ECB which has an impact also on the pound. New decisions in the UK will now be made by Mark Carney.

For more, see the GBP/USD forecast. Live GBP/USD chart:

[do action=”tradingviews” pair=”GBPUSD” interval=”60″/]