The Great Britain pound weakened versus the euro today as Britain’s central bank kept the interest rates unchanged and the outlook for European economy improved. The currency continued its advance against the US dollar.
Mervyn King, the Governor of the Bank of England, and the Monetary Policy Committee left the key interest rate at the record low 0.5 percent and the program of asset purchases at £200 billion. The outlook for resolution of the European debt crisis improved as demand for Spanish bonds increased.
EUR/GBP advanced from 0.8329 to 0.8362 as of 13:02 GMT today after it earlier fell to the intraday low of 0.8312. GBP/USD rose from 1.5768 to 1.5780, following the slump to 1.5718.
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