GBPUSD Stabilizes on Bank of England Decision

Following yesterday's plummet from 1.6100, the GBPUSD exchange rate has stabilized following a widely expected decision by the Bank of England.  Finding support at the 1.5900 level earlier in the session, the GBPUSD currency pair is currently trading just a bit higher at 1.5952. UK monetary policymakers decided to keep interest rates at a low [...]