The Bank of England left the interest rate unchanged at 0.50% (almost 4 years at this rate) and the QE program unchanged at 375 billion pounds.
GBP/USD continues trading a bit higher, at 1.6056, a safe distance from support. The pair made nasty false breaks in recent weeks: rising above 1.63 only to fall, and dipping under 1.60 only to bounce higher.
Higher inflation limits any potential hikes in the QE program for now, despite the fear of a triple dip recession. For more on the pound, see the GBP/USD forecast.
