The Great Britain pound slumped today as the central bank maintained interest rates at the record low level and kept the size of asset-purchases the same.
The Bank of England kept the key interest rate at 0.5 percent and asset purchases at £375 billion. Market participants have expected such decision. The central bank said in the statement:
In the United Kingdom, there have been further signs that a recovery is in train, although it remains weak by historical standards and a degree of slack is expected to persist for some time.
GBP/USD sank from 1.5275 to 1.5070 as of 14:31 GMT today, reaching the lowest level since May 29. GBP/JPY tumbled from 152.59 to 150.82.
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