Forex: EUR/GBP reacts up after BoE holds rates unchanged

FXstreet.com (Barcelona) – The Euro is rising right now against the Sterling in the minutes following the BoE decision to maintain unchanged its interest rate and its asses purchase program. The EUR/GBP has risen from intra-day low at 0.9020 to test MA55 hourly chart at 0.9050.

EUR/GBP is trading around 0.9040/50, 0.30% below opening price action at 0.9055.

The Bank of England has decided to leave its official bank rate unchanged at 0.5% as well as to maintain its bond buying program at GBP200 billion. Bank affirms in its statement: “The Committee expects the announced programme to take another two months to complete. The scale of the programme will be kept under review.”