The Great Britain pound remained relatively firm following yesterday’s policy meeting of nation’s central bank. As it was expected, the Bank of England kept its monetary policy unchanged.
The BoE maintained the Bank Rate at 0.5% and the size of the asset purchase program at £375 billion. Unsurprisingly, the central bank’s members were concerned about the prospects for the Brexit, saying:
The outcome of the referendum continues to be the largest immediate risk facing UK financial markets, and possibly also global financial markets.
Of course, now the mood is shifting, and it looks like those who prefer to remain in the European Union may take upper hand.
GBP/USD rose from 1.4201 to 1.4282 as of 9:31 GMT today. EUR/GBP dropped from 0.7902 to 0.7874.
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