Posts Tagged ‘pound sterling’
Interest rate remains on hold at 0.25%
Bank of England Monetary Policy Committee Announcement 14th September 2017. At its meeting ending on 13 September 2017, the Monetary Policy Committee voted by a majority of 7-2 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central…
Read MorePound drops to a new 31yr low against US dollar
The Conservative Party conference came to a close yesterday on the same day that the pound sterling hit a 31 year low against the US$. Sterling remained under major pressure as £ dipped under US$1.27 for first time since 1985 & fell to 5-year low against the euro (euro 1.133/£) Earlier in the week the…
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