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Duncan Higgins, senior analyst at foreign exchange company Caxton FX, suggested the decision to keep interest rates at the same level - where they have stayed since March last year - helped the performance of the pound during Forex trading today.
Claiming the decision gave sterling a "slight lift" to pick it up after the depressive effect of "disappointing" Barclays' second-quarter results, Reuters reported the currency was trading down 0.3 per cent at 08:58 BST.
Audrey Childe-Freeman, senior currency analyst at Brown Brothers Harriman, commented: "There's maybe some disappointment on the Barclays results and the dollar is recovering on the back of yesterday's data. But I think this is just a short-term correction for sterling."
Barclays shares lost 1.5 percent of their value after top-line income in the second-quarter of the year fell 15 percent from the previous three-month period.
Posted by Greg Secker
