The unchanged decision was expected but the rally was prompted more by the lack of any accompanying statement which might have had dovish forward guidance tones.

10 year gilts have traded at a 2 year high of 2.95% adding to the bullish tone

GBP/USD has now taken out good selling interest at 1,5650

High post 1.5660 in a rush

currently 1.5651

EUR/GBP dropping again to 0.8441 but will find some consolidation ahead of ECB

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