No change...
ECB interest rate decision to be released within the hour
At 7:05am EST... GBP/USD = 2.1074
British pound was drifting lower to 2.1018 minutes before the announcement and spiked up 60 pips on the release.
This decision was widely anticipated by the market but perhaps some traders were looking for cut indications because it possibly suffers the most impact from the housing and credit crisis, after the U.S.
Follow up: Bloomberg just reports that some doubt was creeping in regarding rates because not yet clear if further losses would be acknowledged from crisis. For the most, however, this decision was expected.
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