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Pound Drops After BoE Decision
(RTTNews) - As expected, the Bank of England raised its key rate by 75 basis points to 3 percent from 2.25 percent.
Following the decision, the pound fell against its major counterparts.
The pound was trading at 1.1206 against the greenback, 166.03 against the yen, 1.1358 against the franc and 0.8692 against the euro around 8:04 am ET.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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Euro Climbs Against Majors
The euro firmed against its major counterparts in the New York session on Thursday.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Thursday.
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U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Thursday.
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Euro Falls Amid Political Uncertainty
The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
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Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Wednesday.
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