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Pound Recovers Ahead Of BoE Decision

At 7.00 am ET Thursday, the Bank of England is set to announce its decision on monetary policy. The central bank is widely expected to hold its key bank rate at 0.50 percent and quantitative easing at GBP 435 billion.

Ahead of the decision, the pound recovered from early lows against its major rivals.

The pound was worth 1.3902 against the greenback, 152.30 against the yen, 1.3130 against the franc and 0.8805 against the euro as of 6:55 am ET.

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