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BoE stays on hold in May

FXstreet.com (Córdoba) - The Bank of England's Monetary Policy Committee on Thursday decided to keep the official bank rate at a record low of 0.5% in May, where it has been since March 2009.

The BoE also voted to maintain the amount of asset purchases at £375 billion. The previous change in the size of QE was an increase of £50 billion to a total of £375 billion on July 2012.

Both decisions were expected by most analysts.

Forex: GBP/USD rises to session highs at 1.5584/89 after BoE

The GBP/USD managed to turn higher during European trading, following what was otherwise a sideways endeavor during the overnight session, which placed the pair in negative territory. However, the vaunted release of the BoE interest rate decision, coupled with other data has left the pair trending higher and establishing intraday maximums in these moments at 1.5584/89.
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Forex: EUR/GBP dips to lows on unchanged BoE

As expected, the BoE left intact both the Asset Purchase Programme and the refi rate, at £375 billion and 0.5%, respectively, giving some brief support to the sterling. The cross reacted accordingly, with...
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