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
UK 10 year Gilts 05 September 2013
GBPUSD has now taken out good selling interest at 1.5650
High post 1.5660 in a rush
currently 1.5651
EURGBP dropping again to 0.8441 but will find some consolidation ahead of ECB
