BOE Keeps Rates Unchanged, Weakens Pound

The Great Britain pound slipped today after the Bank of England decided to keep the interest rates and the assets-purchase program unchanged.
Britain’s central bank held its official Bank Rate unchanged at 0.5 percent. Such move was expected by Forex market participants. Some economists say that an increase of the rates in May or June is possible.
GBP/USD fell from 1.6329 to the intraday low of 1.6262 today and traded near 1.6312 as of 12:11 GMT.

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