RTTN: British pound higher against majors ahead of interest rate decision
(RTTNews) - The Bank of England is set to announce its interest rate decisions at 7:00 am ET today. The Monetary Policy Committee of the Bank of England is widely anticipated to keep interest rates on hold at 0.50%, a level unmatched in the Bank's 315-year history and only marginally above its floor of zero.
Also, the central bank is seen maintaining the current asset purchase program at 125 billion pounds, after it was extended at the previous meeting by 50 billion pounds.
Ahead of the interest rate decision, the British pound showed strength against its major counterparts. At 6:55 am ET, the pound was quoted at 1.6374 against the US dollar, 1.7491 versus the Swiss franc, 0.8657 against the European currency and 157.99 versus the Japanese yen.
