Pound reaches 5-month high after BoE decision

Thursday, 06. August 2020 12:30

The British pound climbed on Thursday to reach the highest level against the dollar since early March after the Bank of England decided to keep interest rates unchanged.

The central bank's Monetary Policy Committee unanimously decided to leave the Bank Rate at 0.1% and extend the government and corporate bond purchase program at the current level of £745 billion.

Sterling gained 0.54% against the dollar to sell for 1.31857 at 12:27 pm CET. The pound rose 0.47% against the Japanese yen to change hands for 139.10312 at 12:28 pm CET, while the euro dropped 0.63%compared to the British currency to go for 0.89912 at 12:30 pm CET.

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Breaking the News / NP