News Column

Pound Slides Following BoE Interest Rate Decision

September 4, 2014

BRUSSELS (Alliance News) - The Bank of England maintained its base rate at 0.5% and its total Asset Purchase Facility at GBP 375 billion, as expected. After the decision, the pound fell against its major counterparts.

The pound was trading at 1.6441 against the greenback, 172.61 against the yen, 1.5119 against the Swiss franc and 0.7983 against the euro around 7:01 am ET.

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Source: Alliance News

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