Currency Analyst since 2010

GBP jumped on Bank of England

The Bank of England left benchmark rate unchanged at 0.50%. The size of QE program remained at 375B pounds.

In its small statement the BoE said that its decisions were made in the context of the monetary policy forward guidance. The central bank also decided to reinvest the 1.9 billion pounds of cash flows associated with the redemption of the September 2013 gilt held in the Asset Purchase Facility.

GBP/USD jumped up to $1.5660.

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