Pound Drops Ahead Of BoE Decision
June 18 2020 - 2:54AM
RTTF2
The Bank of England's interest rate announcement is due at 7:00
am ET Thursday. Economists widely expect the monetary policy
committee of the BoE to expand its quantitative easing by at least
GBP 100 billion from the current size of GBP 645 billion. The
interest rate is expected to remain at a record low 0.1
percent.
Ahead of the decision, the pound fell against its major
rivals.
The pound was worth 0.9000 against the euro, 1.1858 against the
franc, 1.2498 against the greenback and 133.79 against the yen at
6:55 am ET.
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