Pound updated the maximum. Results of the BoE meeting

The British pound rose sharply against the US dollar, reaching 1.4219, which was caused by the results of the meeting of the Bank of England. As expected, the interest rate was maintained at 0.5%, the volume of the quantitative easing program of the Bank of England is maintained at 435 billion pounds per year. The British was supported by the results of the voting, according to which 7 out of 9 voters agree with the protection of the interest rate at the current level. In turn, 2 votes were given for tightening monetary policy. These results increase the chances of raising the interest rate in May, which was expected by market participants.

See “The pound maintains a positive attitude. Retail sales in the UK are growing”.

Fig. GBP/USD. The current price is $ 1.4157.

Alexander Sivtsov