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The Bank of England left its benchmark interest rate unchanged at a record low of 0.1% and the bond-buying programme at £895 billion during its September monetary policy meeting as widely expected. The central bank said that the case for modest tightening strengthened from August, although considerable uncertainties remain. Policymakers noted emergence of supply constraints on output and estimate of underlying pay growth has picked up, to above pre-pandemic rate, however uncertainty around labour market outlook has increased. BoE expects inflation to rise further in near-term, to slightly above 4% in Q4. BoE lowered Q3 growth forecast by around 1% since August 

GBPUSD rose after  oday's BOE rate decision and is heading towards the next resistance level at the 1.3720. Source:xStation5