Pound at six-week high after BoE inflation report

Source: WBP Online
© Scanpix/Reuters
British Pound advanced after the Bank of England released its inflation report. The Pound added 1% to $1.5501 against the greenback. The currency's gain had been boosted by Mark Carney' statement that QE will continue as long as unemployment is above 7%. The BoE will tolerate five basis points above the 2% inflation target.
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