GBP/USD is trading modestly higher on the day after two members of the Bank of England (BoE) voted in support of increasing the stimulus. Sterling initially surged above $1.24 but it has now settled around the $1.2350 mark. Fundamental analysis: BoE leaves rates on hold, increases QE As Invezz reported earlier, the BoE decided unanimously to leave its key interest rate at 0.1% at this morning’s board meeting. The Bank has also pledged to buy another £200bn of government bonds to support the embattled economy, although two BoE members voted to increase the purchase by an additional £100bn. “According to
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