Sterling jumps to 2-month high after BoE decision

The British pound rose against the dollar today, and hit a 2-month high after the BoE's decision and the President of the European Commission statements.

The Bank of England (BoE) maintained the interest rates unchanged at 0.75% in addition to the asset purchase programme at £435 billion.

President of the European Commission, Jean-Claude Juncker, said that there is still a chance for the UK and Brussels to reach a deal for the Brexit, as also British PM Boris Johnson also said that it is possible to for an agreement reach with the EU.

Japanese billionaire businessman, Tadashi Yanai, said that the Brexit is "practically impossible" as the UK has a Northern Ireland issue and a Scotland issue and could take the economy back to the economic stagnation.

As of 19:24 GMT, GBP/USD rose by 0.5% to $1.2529, with a high of $1.2559 (the highest since July 19th), and a low of $1.244