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BOE no change to rates

The Bank of England has kept its benchmark rate on hold at 0.5% which was as expected so the reaction from sterling has been muted.  Without any formal statement following today’s meeting it no surprise that GBPUSD remains around the 1.6850 level.  For sterling it’s next week’s BOE Inflation Report that’s going to be the major focus going forward and then on 20th August we will learn how the MPC voted today.

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