Tuesday, January 12, 2010

BoE leaves Bank Rate on hold at 0.5%; QE unchanged

FXstreet.com (Barcelona) - The Bank of England has announced its decision to maintain its Bank rate at 0.5% all-time low, and its Bonds Purchase Plan unchanged at GBP 200 billion, as widely expected.

The Boe will keep its benchmark record at 0.5%, the lowest level on record for the 11th month in a row, while the budget for its quantitative easing program will remain at GBP 200 billion. As usual, the Bank has not given any further detail of the meeting, whose minutes are due to be released on January 20.

The Pound has remained little moved, with GBP/USD right above 1.5910 support, after retreating from 1.6060 high on early Asian session, while GBP/JPY edged up from 148.00 to 1.4825 resistance level, which is being tested at the moment, and the EUR/GBP remains trading between 0.8990 and 0.9025.

EUR/GBP (Jan 13 at 05:28 GMT)

0.8948/50 (-0.16%)

H 0.8972 L 0.8943

[?]Trend Index[?]OB/OS Index
Slightly BearishNeutral
Data updated on Jan 13 at 04:53 (15-minute timeframe)

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