(Bloomberg) -- The pound dropped against the dollar
and the euro after the Bank of England kept its benchmark interest
rate unchanged at a six-year high.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent today, as predicted
by 58 of 62 economists in a Bloomberg News survey. The pound has
risen this year after two surprise increases in rates and a report
showing inflation at a decade high of 3.1 percent.
Read more at Bloomberg Currencies News
and the euro after the Bank of England kept its benchmark interest
rate unchanged at a six-year high.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent today, as predicted
by 58 of 62 economists in a Bloomberg News survey. The pound has
risen this year after two surprise increases in rates and a report
showing inflation at a decade high of 3.1 percent.
Read more at Bloomberg Currencies News
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