StockMarketWire.com - The Bank of England interest rate has been held at 0.5% for March, as well as a freeze on any extension in the asset purchasing program, which will also remain at 375bn.
Sterling pairs were lower across the board in the morning (European) session, ahead of the announcement in which market expectations were that there may be an extension in quantitative easing, which was not realized. Immediately after the announcement, sterling pairs moved higher.
GBP/JPY saw the largest swing to the upside, up 0.35% to 141.77. Elsewhere; EURGBP 0.8679 -0.20%, GBPCHF 1.4192 +0.08%, GBPNZD 1.8084 +0.04%, GBPAUD 1.4604 +0.01%, GBPUSD 1.4990 -0.01%, GBPJPY 141.15 -0.01% and GBPCAD 1.5453 -0.01%.
At 12:07pm:
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