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BoE kept rates unchanged at record low level

FXStreet (Mumbai) - Bank of England’s decision is very much in tune with market expectation. The Bank of England, as expected left the rate unchanged at 0.5 per ent. Again, as expected MPC voted 8-1 to hold rates unchanged.

United Kingdom BoE Asset Purchase Facility meets forecasts (£375B) in December

United Kingdom BoE Asset Purchase Facility meets forecasts (£375B) in December
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EUR/GBP recovers to 5-DMA after BOE rate decision

Sterling suffered moderate weakness, helping the EUR/GBP pair trim losses to trade around the 5-DMA located at 0.7225 after the Bank of England (QE) left policy tolls unchanged.
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