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
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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Earlier News About the Great Britain Pound:
- Britain's Services PMI Report Supports Pound (2010-11-03)
- Pound Weakens on Slower Construction Growth (2010-11-03)
- Good Week for Pound, Yet Outlook Remains Uncertain (2010-10-30)
- Consumer Confidence in UK Improves, Supporting Pound (2010-10-29)
- BoE May Postpone Quantitative Easing — Pound Rises (2010-10-29)