The British pound surged to its highest level against the US dollar since March 2022, following the Bank of England's (BoE) decision to hold interest rates steady. The pound rose to $1.3315, marking a 2.5-year high, according to FactSet. Sterling also gained against the euro and yen, with a 0.20% increase against the euro to 83.98 and a 1.20% rise against the yen to 190.14. The BoE's stance of not rushing to ease policy contributed to the pound's strength. Sterling was last up 0.68% against the dollar at $1.3304.