News Column

Pound Mixed Ahead Of BoE Interest Rate Decision

July 10, 2014

BRUSSELS (Alliance News) - At 7 am ET Thursday, the Bank of England is scheduled to announce its interest rate decision. The Monetary Policy Commission is expected to retain the benchmark interest rate at 0.5% and the asset purchase facility at GBP 375 billion.

Ahead of the announcement, the pound was trading mixed against the other major currencies. While the pound fell against the yen and the greenback, it recovered against the euro and the franc.

The pound was trading at 1.7111 against the greenback, 173.34 against the yen, 1.5259 against the franc and 0.7957 against the euro as of 6:55 am ET.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters