GBP/USD: BOE Monetary Policy Summary - Fundamental Analysis - Dukascopy Bank
Thu, 17 Dec 2020 13:15:29 GMT
Source: Dukascopy Bank SA
The British Pound depreciated against the US Dollar, following the BOE Monetary Policy Summary release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate lost 28 pips or 0.21% after the release. The Pound continued trading at the 1.3590 level against the Greenback after the release.
The Bank of England released the UK Official Bank Rate data, which came out in line with the expectations of 0.10%.
According to the official release: "The Bank of England's Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 16 December 2020, the Committee judged that the existing stance of monetary policy remains appropriate."