BoE Keeps Rates & Bonds Buying Unchanged, Pound Climbs

The Great Britain pound jumped today as the Bank of England refused to follow the Federal Reserve in the quantitative easing and kept its bonds-purchase program unchanged.

The Bank of England stuck to its plan to spend £200 ($324 billion) on buying the government bonds. The bank also left the interest rates at 0.5 percent. The minutes of the Bank’s policy makers meeting will be published on November 17th.

GBP/USD jumped from 1.6101 to 1.6260 as of 12:20 GMT today, while GBP/JPY traded at about 131.34 after opening at 130.60 and declining as low as 130.06.

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