Pound Strengthens As BoE Retains Rate At 0.50%, QE At GBP 375 Bln

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Pound Strengthens As BoE Retains Rate At 0.50%, QE At GBP 375 Bln

As widely expected, the Monetary Policy Committee of the central bank maintained the asset purchase programme unchanged at GBP 375 billion and the key interest rate at a historic low of 0.50 percent.
The pound edged higher against its major opponents following the announcement. As of 7:02 am ET, the sterling was trading at 0.7888 against the euro, 1.5241 against the Swiss franc, 121.80 against the yen and 1.5567 against the US dollar

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Pound Strengthens As BoE Retains Rate At 0.50%, QE At GBP 375 Bln Instaforex_mb_760x151_en

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