At 4.30 am ET, the Bank of England is set to release the minutes of the monetary policy meeting held on September 5 and 6. The nine-member committee left the size of quantitative easing unchanged at GBP 375 billion and retained the key interest rate at 0.50 percent.
The pound pared some of its recent gains against most of its major rivals ahead of the minute. As of 4:25 am ET, the sterling was trading at 0.8033 against the euro, 1.6260 against the dollar, 1.5084 against the Swiss franc and 128.50 against the yen.
by RTT Staff Writer
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