With the market largely backing an unchanged position from the BOE at 11.00 gmt we’re seeing some decent GBP buying to start the day.
GBPUSD up at 1.5430, EURGBP back below 0.8500, GBPJPY above 153.00 and GBPAUD the runaway winner so far if only by soggy aussie default at 1.6320 just off its 1.6339 highs.
Mervyn King bows out today and is widely expected to oversee the 12th unchanged decision in a row on rates and QE before moving on and leaving the job to Mark Carney.