GBP review

Western Union:

The dollar's general underperformance helped sterling recover from its lowest level in nearly a month. 

As expected, the Bank of England stood pat on policy and left its main lending rate at a record low of 0.50%. This week's meeting minutes will be published on June 17, an already critical day for markets with the Fed due to announce a policy decision that day. 

The pound remains a nickel cheaper than mid-May levels which it had soared to six-month highs.