RTTN: Pound Off Lows Vs Most Majors Ahead Of BoE Interest Rate Decision
At 7.00 am ET Thursday, the Bank of England is set to announce the outcome of its monetary policy meeting. The bank is expected to keep its key rate at a record low 0.50 percent and asset purchase programme at GBP 375 billion
Ahead of the announcement, the pound traded mixed against its major rivals. While the pound held steady against the yen, it recovered from early lows against the rest of major currencies.
The pound was worth 1.4823 against the greenback, 0.7257 against the euro, 1.4390 against the franc and 177.87 against the yen as of 6:55 am ET.
