News Column

Pound Mixed Ahead Of BoE Interest Rate Decision

September 4, 2014

BRUSSELS (Alliance News) - At 7 am ET Thursday, the Bank of England will announce its monetary policy decision. The bank is expected to maintain its base rate at 0.5% and its total Asset Purchase Facility at GBP 375 billion.

Ahead of the announcement, the pound showed mixed trading against its major counterparts. While the pound rose against the euro and the Swiss franc, it fell against the greenback. Against the yen, the pound held steady.

The pound was worth 1.6453 against the greenback, 172.60 against the yen, 1.5121 against the Swiss franc and 0.7980 against the euro at 6:55 am ET.

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Source: Alliance News

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