BOE Keeps Rates Unchanged, Weakens Pound
The Great Britain pound slipped today after the Bank of England decided to keep the interest rates and the
Britain’s central bank held its official Bank Rate unchanged at 0.5 percent. Such move was expected by Forex market participants. Some economists say that an increase of the rates in May or June is possible.
GBP/USD fell from 1.6329 to the intraday low of 1.6262 today and traded near 1.6312 as of 12:11 GMT.
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Earlier News About the Great Britain Pound:
- Pound Loses Ground as Industrial Production Slows (2011-04-06)
- Britain's Service Sector Makes Sterling Stronger (2011-04-05)
- Pound Strengthens as Construction Expands (2011-04-04)
- Pound Drops as Manufacturing Declines (2011-04-01)
- GBP/JPY Rises with Retail Sales & Services (2011-03-30)
