LONDON, March 7 (Reuters) - Sterling jumped to session highs
against the dollar and euro and gilts plunged on Thursday after
the Bank of England decided not to restart its asset purchase
programme, wrongfooting investors who had positioned for more
Sterling hit a session high of $1.5074 against the
dollar, from $1.4991 before the BoE's announcement. It recovered
from a 2-1/2 year low of $1.4965 touched during Asian trade.
The euro hit a session low of 86.33 pence, down
from 86.90 beforehand.
The June gilt future was last 51 ticks down on the
day at 116.25, compared to the level of 116.88 shortly before
the BoE announcement.
The FTSE 100 pared gains after the Bank of England's
decision, to last trade up 0.4 percent having been up 0.5