6/20, 1:06 PM (Source: TeleTrader)
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Pound rises as BoE holds interest rates

The British pound traded with gains following the interest rate decision of the Bank of England. The UK's central bank voted unanimously on Thursday to keep the benchmark Bank Rate at 0.75% in an effort to meet its 2% price target. The bank also said that considering the intensifying trade tensions and a likelihood of a no-deal Brexit scenario, downside risks to growth have increased.

Sterling was 0.44% higher compared to the dollar, selling for 1.2699 at 1:04 pm CET. Meanwhile the euro was 0.18% in the green against the pound, to go for 0.8896 at 1:06 pm CET after it traded with higher gains earlier, whereas the pound advanced 0.21% against the yen, to change hands for 136.932 at 1:05 am CET.

Breaking the News / SS