Pound Dives Versus Australian Dollar Ahead of BoE Rate Decision

The Pound Euro (GBP/EUR) exchange rate is treading water for the third straight session.

The Pound held steady again in the previous session as all eyes turn and wait for the BoE monetary policy announcement.

No changes to interest rates or the bond purchases are expected. Attention will be on whether any dissenters join Michael Saunders and vote in favour of tapering the QE programme.

The Euro found support on Wednesday from an unexpected rise in consumer confidence. As delta cases have been brought under control, sentiment has improved.

Eurozone manufacturing and services PMI data is due.