The Great Britain pound declined today after the Bank of England kept the size of asset purchases unchanged and its main interest rate at the record low level.
The BoE decided to keep the benchmark interest rate at 0.5 percent and the asset-buying program at £375 billion. No big surprise here. BoE meetings are not usually accompanied by extensive statement, therefore traders have to wait for meeting’s minutes to understand what policy makers were thinking when they have made such decision.
GBP/USD went down from 1.6382 to 1.6335 GBP/JPY and declined from 167.67 to 166.87 as of 14:07 GMT today.
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