The pound rebounded against the U.S. dollar, the euro and the yen on Thursday, after the Bank of England left its bond purchase program at the most recent cap of 200 billion pounds and kept its key interest rate at a record low of 0.5%.
GBP/USD rebounded to 1.5880 during European midday trade, after it hit 1.5814 earlier, nearing a 4-month low.
GBP/JPY also bounced from a daily low of 143.40 to 144.24, and EUR/GBP retreated from a daily high of 0.8759 to 0.8718; the latter pair subsequently hovered at 0.8728.
The British central bank had been expected to halt its quantitative easing program, whereby the bank creates money by purchasing bonds from commercial institutions.
Later Thursday, Investors were awaiting the release of important U.S. data on claims for unemployment benefits and non-farm productivity.