No surprises from the BOE: all policy measures were left unchanged and with a unanimous vote on everything. Carney and co. are more optimistic about the economy, basically catching up with reality. They say that their actions are working well. Is the economy doing better thanks to the monetary stimulus package or regardless of? This is an open, political question.
GBP/USD hardly reacted to the news at first, but later slid to lower ground. The late move seems more related to the dollar part of the equation, ahead of key US data.
The Bank of England was expected to leave all policy measures unchanged. This means an interest rate of 0.25%.
Join the live coverage with Valeria Bednarik, Mauricio Carrillo and myself.
Live Blog – as it happened
Live Coverage – as it happened
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