fxstreet.com 04 Feb, 2021 19:45 am

BoE leaves policy rate and QE unchanged, GBP/USD recovers modestly

BoE leaves policy rate and QE unchanged, GBP/USD recovers modestly
The Bank of England's (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its January policy meet

The Bank of England's (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0." "Committee did not intend to tighten monetary policy at least until there was clear evidence that significant progress was being made in eliminating spare capacity and achieving the 2% inflation target sustainably." "Labour market indicators remain difficult to interpret." Other indicators suggest that labour market slack has remained higher than implied by LFS rate.

Follow our live coverage of the BoE policy announcements and the market reaction.With the initial market reaction, the GBP/USD pair erased a portion of its daily losses and was last seen losing 0.

Read full story at fxstreet.com