The Great Britain pound was flat versus the US dollar and fell against the Japanese yen after the release of the central bank’s policy meeting minutes and the employment data. The sterling is struggling to rise higher as of now.
The employment data was fairly good. At the same time, the minutes of the February monetary policy meeting showed that policy makers voted unanimously to keep the accommodative policy in place. It looks like the Bank of England is content to keep waiting until economic recovery demonstrates more resilience. This hurt the sterling, though the currency attempts to recover.
GBP/USD near its opening level of 1.6682 as of 14:52 GMT today after falling to 1.6636 earlier. GBP/JPY was down from 170.74 to 169.60 before trading at 170.34.
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