Pound is under pressure. Results of the Bank of England meeting

The British pound is losing ground against the US dollar following the meeting of the Bank of England, according to which the discount rate was kept at 0.50%. This decision was made unanimously by the 9th members of the Committee on Monetary Policy.

The decline in the pound is rather restrained, as today the EU leaders’ summit began, which will last until December 15, according to which the market participants expect progress in negotiations on Brexit.

Fig. GBP/USD. The current price is $ 1.3450.

For more information, see “The pound received support. Retail sales data in Great Britain. “

Alexander Sivtsov