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5/11/2017, 1:10 PM (Source: TeleTrader)
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Pound drops after BoE holds rates at 0.25%

Sterling declined on Thursday after the Bank of England (BoE) decided to keep interest rates unchanged at 0.25% and maintain the existing quantitative easing measures. The central bank also bumped up its projection for annual inflation in the second quarter to 2.7%.

The British pound slipped 0.43% against the United States dollar to go for $1.28818 at 1:08 pm CET, and fell 0.45% compared to the euro, changing hands for €1.1852 at the same time. The currency dropped 0.55% versus the Swiss franc and 0.64% relative to the Japanese yen.

Breaking the News / IB