The Bank of England rate-setting Monetary Policy Committee decided to hold the Bank rate unchanged at 0.50% in June in a 6-3 vote pattern. The Bank of England also decided to keep the asset purchasing program unchanged at £435 billion in June. The Bank of England decided to keep the Bank rate and the asset purchasing program unchanged at 0.50% and £435 billion respectively in June. Headline inflation remained unchanged at 2.4% in May with core inflation at 2.1% y/y, but the UK labor market saw strong job creation indicating that the first-quarter GDP slowdown was potentially a temporary blip. Wage growth in the UK remains muted dwelling below 3.0% y/y with real wages barely positive. The hawkish twist in the monetary policy statement or hawkish turn in the voting pattern is expected to support GBP/USD that fell almost 12 big figures since Apri 17 this year. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY surges to 146.00 neighborhood on hawkish BoE vote split FX Street 3 years The Bank of England rate-setting Monetary Policy Committee decided to hold the Bank rate unchanged at 0.50% in June in a 6-3 vote pattern. The Bank of England also decided to keep the asset purchasing program unchanged at £435 billion in June. The Bank of England decided to keep the Bank rate and the asset purchasing program unchanged at 0.50% and £435 billion respectively in June. Headline inflation remained unchanged at 2.4% in May with core inflation at 2.1% y/y, but the UK labor market saw strong job creation indicating that the first-quarter GDP slowdown was potentially a… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
