The British Pound spiked after the Bank of England kept interest rates unchanged and said there was no rush to cut again.
Pound Sterling fell on Tuesday amidst increased bets that the Bank of England would be egged on by the Federal Reserve and cut interest rates again on Thursday.
Goldman Sachs says a faster pace of interest rate cuts from the Bank of England won't sink the Pound as the global equity backdrop will remain supportive.
Pound Sterling erased yesterday's losses against the Euro and Dollar thanks to a recovery in U.S. stock markets.