Bank of England made £8 bln profit from quantitative easing fund

The Bank of England is sitting on an £8 bln net profit from its £200 bln quantitative easing fund.

Cable up marginally in early European trade, presently at 1.4510. Sell orders noted up at 1.4540/50, stops just above there, Buy orders noted down at 1.4450/60, stops through 1.4420.