The Great Britain pound hit today the highest level since February against the US dollar after the central bank’s policy makers kept the interest rates unchanged and decided not to increase the purchases of the bond. Currently the currency declines.
The Bank of Englandâs Monetary Policy Committee decided today to keep the official Bank Rate at 0.5% as was expected. The report today showed the manufacturing production output increased by 0.3 percent between July and August. The median forecast promised the 0.1 percent growth.
GBP/USD went up from the opening level of 1.5889 to 1.5937 as of 14:02 GMT today, following the surge to 1.6016.
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