The pound advanced against its major trading partners in the European session on Thursday, as the Bank of England kept its interest rate unchanged in a split vote at its final meeting of the year, saying that it was too early to judge the impact of recent domestic policy developments in economy.
At the Monetary Policy Committee meeting, Governor Mark Carney and six other members voted to maintain the interest rate at 0.75 percent. Meanwhile, Jonathan Haskel and Michael Saunders repeated their call for a quarter point reduction.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.