The Great Britain pound fell today against most major currencies after the nation’s central bank kept its key interest rate and the asset purchase program unchanged. The currency managed to advance versus the Japanese yen.
The Bank of England left its Official Bank Rate at the record low 0.5 percent, as was expected by Forex market participants. The bank also kept its asset purchase program unchanged at £200 billion. The pound is expected to remain weak, unless some major positive factor would intervene.
GBP/USD traded near 1.5984 as of 14:34 GMT today after falling earlier from 1.6002 to 1.5943. GBP/JPY rose from 129.45 to 129.88.
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