Pound Jumps To 5-week High Against Yen

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Pound Jumps To 5-week High Against Yen

The pound rose above the key 124.0 against the yen in early London session on Wednesday, its highest level since July 12. The pound-yen pair is presently worth 123.90 with 124.30 seen as the next likely resistance level.
Bank of England policymakers unanimously decided to retain quantitative easing at GBP 375 billion and the interest rate unchanged at 0.50 percent, the minutes of the meeting held on August 1 and 2 showed today.
At the same time, the number of Britons claiming jobless benefits unexpectedly declined by 5,900 to 1.59 million in July, less than analysts prediction of a rise by 6,000 persons.

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