The British pound/U.S. dollar (GBP/USD) currency pair has remained largely supported after the Bank of England’s policy decision on Thursday. The BoE decided to keep interest rates unchanged last week but the meeting was nonetheless seen as being hawkish since three MPC members voted for a rate hike rather than just the two expected. The pound rallied sharply on that day and it eked out a gain on Friday even if it closed off its best levels.
From:: Resource Investor