Pound Sterling Faces Pressure after Boe Leaves Interest Rates Unchanged at 3.75%, as Expected

The Pound Sterling (GBP) faces selling pressure, prima facie, after the Bank of England’s (BoE) monetary policy announcement.

The Pound Sterling (GBP) faces selling pressure, prima facie, after the Bank of England’s (BoE) monetary policy announcement. As expected, the BoE has left interest rates unchanged at 3.75%, with an 8-1 majority.

This is the third straight meeting that the BoE has maintained the status quo.