Pound Steady As BoE Retains Rate At 0.5%, QE At GBP 375 Bln

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.

by RTTNews Staff Writer

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