The Bank of England monetary policy committee agreed by 8 votes to 1 to maintain the Bank Rate at 0.5%, all time low, with Andrew Sentance, voting for a 25 bp rate hike. Furthermore, the committee decided unanimously to maintain its Bonds Purchasing programme unchanged at GBP200 billion.
At the moment, the Pound trades at 1.5610, with next resistance levels at 1.5680/00 (Aug 13/17 highs), and above here, 1.5800 (intra-day level) and 1.5860 (intra-day level). On the downside, support levels lie at 1.5500 (session low), and below here, 1.5470 (Jul 15 high), and 1.5335/45 (Jul 19/21 highs).
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