Pound Rises Vs Most Majors Ahead Of BoE Decision
26 March 2020 - 6:55PM
RTTF2
At 8.00 am ET Thursday, the Bank of England publishes the
outcome of the monetary policy meeting. Economists expect the bank
to retain its record low interest rate and to expand asset purchase
programme to GBP 635 billion from GBP 435 billion.
The pound traded mixed against its major rivals before the
decision. While the pound held steady against the yen, it rose
against the rest of major rivals.
The pound was worth 1.1975 against the greenback, 131.28 against
the yen, 1.1623 against the franc and 0.9150 against the euro at
7:55 am ET.
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