Daily News: the USD has plunged
On Monday, the US dollar index plunged from 96.40 to 95.70.
BOE holds its rate at 0.25%
The Bank of England kept its benchmark interest rate intact and also announced no change to its asset purchase facility program, as Britain’s major bank revealed on Thursday.
The BOE accounted that that it was holding the benchmark interest rate at about 0.25%, which is a widely expected move. Additionally, the major bank also informed that it was about to maintain the stock of asset purchases funded by the issuance of major bank reserves at £435 billion.
Minutes from the major bank's policy gathering revealed that eight members were in favor of leaving the major interest rate at the current record minimum of 0.25%.
By the way, dissenting member Kristin Forbes baked a 0.25% lift in the benchmark rate to 0.50%.
Market experts expected the Bank of England to vote 9-0 to keep its policy steady.
The currency pair GBP/USD was trading at 1.2320 from approximately 1.2260 ahead of the announcement. Meanwhile, EUR/GBP hit 0.8705, compared with the previous outcome of 0.8746 earlier.
Similar
Japanese companies welcome skilled foreign employees
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
5 important things this week will bring us!
5 important things you need to know about this week!
Popular
Japan February exports are seen surging at fastest pace since 2015
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
Asian shares tumble with Japan markets shut
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
Greenback surges as yields soar
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Deposit with your local payment systems
