BoE leaves Bank Rate unchanged at 0.5%; Pound jumps to 1.6600

By IBTimes Staff Reporter | September 10 2009 2:09 AM

FXstreet.com (Barcelona) - The Bank of England has decided to leave its official bank rate unchanged at 0.5% at its monetary policy meeting and maintain its asset purchases program totalling Â£175 billion by the issuance of central bank reserves.

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The Pound has surged after the Bank released tits monetary policy decision and rebound from 1.6480 intra-day low has extended to a fresh 2-week low at 1.6600 minutes after the release of the monetary policy decision, although the Pound has eased somewhat, to levels around 1.6565 at the moment of writing

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