The EUR has won around 65 pips against GBP after the BoE released its decision
of hold unchanged its interest rate at 0.50%, decision was in line of expectations. EUR/GBP climbed up from 0.8790 to reach 0.8855, intra-day high. Currently the pair is trading around 0.8820/30, 0.40% above today's opening price.
The Bank of England has decided to leave its official bank rate unchanged at 0.5%at its May monetary policy meeting and to continue with the program of asset purchases financed by the issuance of central bank reserves and increase its size by GBP50 billion to a total of GBP125 billion.
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