Forex: GBP/USD holds above 1.6300 after the unchanged BoE rate policy

FXstreet.com (Barcelona) – After falling from intra-day high at 1.6345 before the BoE interest rate decision, the GBP/USD is trading just above 1.6300 level after the bank voted today to maintain rates and asset purchases program unchanged. Currently the pair is trading around 1.6305/15, 0.35% above today's opening price action at 1.6260.

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.”