As widely expected, the Bank of England retained its benchmark interest rate at 0.50 percent and the asset purchase program at GBP 375 billion.
The pound held steady against its major rivals following the decision. As of 7:02 am ET, the British currency was trading at 147.40 against the yen, 0.8639 against the euro, 1.4270 against the Swiss franc and 1.5705 against the dollar.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.