GBP – Bank Of England Holds Serve

The Sterling enjoyed a good run as it gained against the USD on Thursday. This came as the BoE announced that they are continuing with their stimulus spending regarding quantitative easing. The U.K. economy remains vulnerable and the gains made by the GBP yesterday will be examined closely by traders going into today’s session. The jump in risk appetite among international equities helped the Sterling. Manufacturing Production figures will be released today and a gain of 0.6% is the estimate. The Sterling has found a good patch of trading this week as it has found stability and enough momentum to climb in value, but how long this spurt will continue is likely to be a question being asked by some traders going into today’s sessions.

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