BREAKING: BOE keeps interest rates unchanged!

Bank of England released its interest rate decision just minutes ago. Consensus expected a unanimous 9-0 decision on keeping policy rate and QE unchanged. Just as predicted, the BOE decided to keep both interest rates and scale of its QE programme unchanged. The BOE says it will not tighten its policy until significant progress on inflation goal. Recent domestic data suggests stronger economic recovery (compared to August forecast). Nevertheless, the central bank sees risk of longer period of elevated unemployment, therefore BOE continues to review range of possible actions. Shortly after the announcement, GBPUSD fell to 1.2910 area. Source: xStation5

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