BoE Keeps Main Interest Rate Unchanged, GBP/USD Fluctuates

The Great Britain pound fluctuated versus the dollar today after the Bank of England kept its main interest rates unchanged yesterday and today’s report showed that producer prices declined last month. The pound advanced against the yen.
The BoE left the official Bank Rate at 0.5 percent and asset purchases at £200 billion yesterday. The minutes of the monetary policy meeting is scheduled to be released on September 21. The input Producer Price Index fell 1.9 percent in August from July. The output PPI rose with slower pace in August — 0.1 percent, compared to July growth — 0.3 percent.
GBP/USD traded near its opening price of 1.5958 as of 12:06 GMT today, following the drop to 1.5893. GBP/JPY rose from 123.63 to 124.13.

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