RTTN: Pound Steady Ahead Of Bank Of England Rate Decision
(RTTNews) - The Bank of England is set to announce its interest rate decision at 7.00 am ET. The Monetary Policy Committee of the central bank is widely expected to maintain the asset purchase programme unchanged at GBP 375 billion and the key interest rate at a historic low of 0.50 percent.
The pound held steady against its major rivals ahead of the rate decision. As of 6:55 am ET, the sterling was trading at 0.7892 against the euro, 1.5232 against the Swiss franc, 121.65 against the yen and 1.5547 against the US dollar.
