As expected, the Bank of England retained key bank rate at 0.50 percent and quantitative easing at GBP 375 billion. The pound changed little against its major rivals following the announcement.

The pound was trading at 0.7248 against the euro, 1.4770 against the franc, 183.17 against the yen and 1.5244 against the greenback around 7:02 am ET.

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