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.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.