The Great Britain pound edged higher against the US dollar and the Japanese yen today after the Bank of England announced that it is leaving its monetary policy unchanged. The sterling’s gains versus the greenback were limited while the rally versus the yen was rather substantial.
The BoE announced today:
The Bank of Englandâs Monetary Policy Committee at its meeting on 8 July voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
Such decision was expected by market participants.
The pound gained after the announcement, and also profited from the risk-tolerable trading environment, similar to some other currencies.
GBP/USD ticked up from 1.5358 to 1.5369 as of 22:44 GMT today, touching the session maximum of 1.5419 intraday. GBP/JPY rallied from 185.40 to 187.08.
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