Market Overview

GBP/USD Falls After BOE Rate Decision

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GBP/USD is trading at 1.2586, down 0.0072

The pair is trading at the session lows.

The Bank of England (BOE) Monetary Policy Committee (MPC) voted unanimously to leave the bank's rate at a record low of 0.25 percent. The BOE made no change the asset purchase program of 435 billion Sterling. BOE policy makers raised the U.K growth forecast to 2 percent from 1.4 percent.

 

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Posted-In: british pound GBP/USDFutures Forex Markets