Pound rose slightly on Monday morning after the Bank of England (BoE) announced that it would step up measures to protect pension funds from market turmoil.
The bank will buy up to £10bn worth of government bonds daily. This is double the previous limit of £5 billion.
The BoE's three "additional measures" are aimed at boosting central bank support for the pension industry as it prepares to end its emergency backstop on Friday.
So far, banks have bought around £5bn of bonds under the £65bn scheme, which runs until 14th October.
The British pound hit a record low against the US dollar on September 26 after announcing tax cuts and further debt hikes to stem the fallout of a possible recession.
Direct impact onbitcoin tradingappears to be relatively small as of now but the Pound rise might be a game-changer for cryptocurrencies.