The pound sterling higher - close to the first daily resistance 1.6434.

[RTFX-Trading]

The pound sterling higher  - close to the first daily resistance 1.6434.

The minutes of the last monetary policy meeting of the Bank of England are bullish for the pound sterling: the nine board members agreed unanimously to leave the status quo of the interest rate, none is mentioning a rate cut. Members also voted unanimously to keep the program of asset purchases at £175Mrds. The report makes no mention of rumors that circulated in the market on cutting the remuneration rate of commercial banks’ deposits with the BoE..

This report is considered bullish for the pound sterling, the English supreme institution is a wait and see situation, unlike the last minutes which stated that two members were in favor of an increase of £25Mrds to £200Mrds.

The pound sterling is in sharp increases of 0.25% against its major rivals, to 1.6437 against the U.S. dollar, 0.9000 against the euro, 1.6805 against the Swiss franc and 149.53 against the Japanese yen.

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