Investing.com - The pound remained moderately higher against the U.S. dollar on Thursday, after the Bank of England left its monetary policy unchanged and as investors continued to focus on developments in Greece.
GBP/USD hit 1.5421 during European early afternoon trade, the session high; the pair subsequently consolidated at 1.5393, up 0.21%.
Cable was likely to find support at 1.5327, Wednesday's low and resistance at 1.5468, Wednesday's high.
In a widely expected move, the BoE said it was holding the benchmark interest rate at 0.50%, where it has been standing since March 2009.
The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Markets were jittery after Greece requested a new three-year bailout from its euro zone creditors and pledged some economic overhauls on Wednesday.
Whether European leaders accept Greece's request for more emergency loans at a crisis summit on Sunday will depend on whether Prime Minister Alexis Tsipras makes a drastic turnaround on pension cuts, tax increases and other austerity measures after five months of negotiations.
German Finance Minister Wolfgang Schäuble said that "the actual examination can only begin once the full package has been put on the table."
Meanwhile, the minutes of the Federal Reserve's June policy meeting showed that policy makers need to see more signs of a strengthening U.S. economy before raising interest rates.
In its June policy statement, the central bank had indicated that it was on track for at least one and perhaps a second rate increase later this year.
The minutes also pointed to concerns over Greece's financial problems, signaling that global market turmoil could derail the Fed's rate hike plans if contagion spreads.
Sterling was also higher against the euro, with EUR/GBP retreating 0.45% to 0.7179.