Pound Mixed Ahead Of BoE Decision
May 11 2017 - 2:55AM
RTTF2
At 7:00 am ET Thursday, the Bank of England announces decision
on monetary policy and releases quarterly inflation report. The
central bank is forecast to hold its interest rate at a record low
of 0.25 percent and maintain asset purchase programme at GBP 435
billion.
Ahead of the announcement, the pound traded mixed against the
other major currencies. While the pound dropped against the yen, it
held steady against the rest of major currencies.
The pound was worth 1.2920 against the greenback, 147.31 against
the yen, 0.8411 against the euro and 1.3018 against the franc as of
6:55 am ET.
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