The Sterling (GBP) rallied in the US session as EUR/GBP selling supported. The BOE also meet tonight but this is likely to be a nonevent holding at 0.5% and no new announcements are expected. Traders will be watching the ECB meeting closely and will likely follow the lead of the EUR/USD for direction today. Looking ahead, BOE Rate Meeting 0.5% hold and QE at 275bn unchanged.
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