On Thursday, the pound is traded almost unchanged at three-week highs against the US dollar, despite data that showed the expansion of the UK trade deficit in October more than expected, while today, Bank of England once again did not change the basic interest rate, keeping it at a record low of 0.5% per annum, established in March 2009. The decision coincided with forecasts of analysts surveyed by Bloomberg.
During European morning trade, GBP/USD reached 1.5196, the peak from November 20, and subsequently consolidated at 1.5178.
The pair is likely to find support at 1.5075, the low of December 4, and resistance at 1.5248, the high of November 18.
UK Office for National Statistics reported that the country's trade deficit increased in October to £ 11.83 billion from £ 8.8 billion the previous month. Economists had expected a growth of deficit to £ 9.7 billion.
Meanwhile, sentiment on the dollar remains volatile as investors took a wait on the eve of the much-expected Fed policy meeting next week.
Earlier this week, the US dollar jumped to a 11.5-year high against other major currencies after the release of strong employment data on Friday strengthening expectations that the Fed will raise interest rates for the first time since 2006.
Sterling rose against the euro; EUR/GBP was down 0.50% to 0.7226.
The Australian and New Zealand dollars strengthened; AUD/USD rose 0.79% to 0.7288, and NZD/USD added 0.13% to 0.6727.
Earlier on Thursday, the Reserve Bank of New Zealand cut interest rates from 2.75% to 2.50%, as many expected.
Commenting on the decision, the head of the Reserve Bank of New Zealand, Graeme Wheeler, said that such a level should be enough to reach the target level of inflation, but the Bank stands ready to subsequent reduction if necessary.
Australian data showed that the number of employed persons in the country increased in November by 71400, confounding the expected decline by 10 000.
The unemployment rate fell last month to 5.8% from 5.9% in October, compared with expectations of a 6.0% rise.
Meanwhile, the Melbourne Institute said that its index of inflation forecast over the next 12 months rose last month to 4.0% from 3.5% in October.
Meanwhile, USD/CAD pair has weakened 0.17% to 1.3555, near 11-year low of 1.3621 on Tuesday.
The USD index, which tracks the US currency against a basket of six major rivals, rose 0.55% to 97.87.