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638
As expected, the Bank of England made no changes to monetary policy at its meeting on
Monday.
The British currency was hardly impacted by the decision holding steady around $1.5484.
Late Friday, sterling traded at $1.5375.
The regulator maintained its lending rate at a record low of 0.5% which has been held at that level since March 2009.
The bank’s
quantitative-easing program was also left unchanged at 375 billion
pounds ($579.5 billion). Minutes from the meeting will be released on
May 20.
The FTSE 100 index was also little changed after Monday’s decision, rising 0.2% at 7,059.08.
