GBP price, news and analysis:
- The Bank of England has kept its benchmark Bank Rate at 0.75% and its bond-buying programs unchanged, as expected.
- However, the GBP price eased back as the UK central bank said Brexit uncertainties are intensifying.
GBP price, UK interest rates and Brexit
The Bank of England’s monetary policy committee has voted unanimously, 9-0, to keep its benchmark Bank Rate unchanged at 0.75%, its purchases of UK gilts (government bonds) at £435 billion and its buying of corporate bonds at £10 billion. The decisions were all in line with forecasts.
However, GBPUSD dipped back below the 1.27 handle as the UK central bank said that Brexit uncertainty has “intensified considerably” over the last month and that falling oil…