EN:British Pound Today: GBPEUR stuck in a rut, GBPUSD marginally higher as all eyes turn to the Bank of England
The British Pound Sterling (GBP) in Euro (EUR) rate is virtually unchanged, GBPEUR is at 11638 at 9:53 AM in London.
The British Pound Sterling (GBP) in US dollars (USD) exchange rate is 0.1% higher, GBPUSD is at 1.5612.
Complex things going on at the Bank of England - The Bank has announced the establishment of an ‘extended collateral term repo facility’ (ECTR). This facility will be used to mitigate risks from short-term pound sterling liquidity shortages and provide extra liquidity to the banking system against collateral.
