As widely expected, the Bank of England maintained its key bank rate at 0.50 percent and asset purchase programme unchanged at GBP 375 billion.
The pound showed mixed trading following the decision. While the sterling edged higher against the dollar, it held steady against the rest of majors.
As of 7:03 am ET, the pound was trading at 1.5948 against the dollar, 156.0 against the yen, 1.4513 against the Swiss franc and 0.8485 against the euro.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.