BoE keeps Bank Rates steady

Thursday, 9 June 2011 02:25

Sterling fell versus the Dollar from 1.6433 to 1.6411.  Monetary Policy Committee at the Bank of England decided to keep Bank Rates the same at 0.50%; as released minutes ago.  Everything was as expected as the Bank Rate remained the same, as well as the Stock asset purchase which was not changed from 200 billion. 

Rates remain unchanged since early 2009.

GBP/USD is currently trading at 1.6420; recovering from its 1.6411 fall but still under the 1.6433 price.