Sterling jumps vs dlr, shrugs off BoE minutes

LONDON, Nov 19 (Reuters) - Sterling jumped to session highs versus the dollar and euro on Wednesday, shrugging off early losses after Bank of England minutes showed a 9-0 vote in favour of slashing interest rates 150 basis points at its last meeting.

Traders cited buying from a U.S. bank from the $1.50 level upwards, moving the pound up more than a cent from levels seen just after the BoE minutes were published.

By 1053 GMT, sterling was up half a percent on the day at $1.5054, having hit a session high of $1.5072 <GBP=>. The euro was down half a percent at 83.87 pence <EURGBP=>.

"The same U.S. name that has been buying cable all week seems to be back in the market," said a London-based trader.

He added that stop losses in the dollar beyond around $1.5010 had pushed sterling/dollar higher, while the sudden move had been exacerbated by extremely thin trade.

On the data front, the Confederation of British Industry's Industrial trends survey is due at 1100 GMT.

(Reporting by London Forex Team)