The Bank of England provided no surprise to the Forex market at today’s meeting, keeping its monetary policy unchanged. The Great Britain pound gained on the Japanese yen after the news but was unable to beat the US dollar.
The BoE announced today:
The Bank of Englandâs Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Such decision was anticipated by market participants. In other news, the Halifax House Price Index fell 0.3 percent in February, slightly more than analysts predicted.
GBP/USD fell from 1.5264 to 1.5227 as of 14:01 GMT today. GBP/JPY went up from 182.65 to 183.13.
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