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Sterling higher on Governor Carney's comments

Earlier this morning BoE Governor Mark Carney in which he said that BoE will raise interest rates soon, since the economy is picking up, but there could be factors that affect the exact time of rate hike, and there are signs of inflation pressures. What this means that there is no need to hold punches for rate hikes, since inflation overshotting expectations isn't something they want.
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BoE left interest rates unchanged

As it was largely expected the Bank of England’s Monetary Policy Committee at its meeting on 8 July voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.The minutes of the meeting will be published at 9.30 a.m. on Wednesday 22 July.
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BoE holds interest rates at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 3 June voted to maintain Bank Rate at 0.5%, as it was largely expected. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.The minutes of the meeting will be published at 9.30 a.m. on Wednesday 17 June.
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Bank of England confirms EU exit research

There are no data releases from the UK today, with banks being closed in observance of Whit Monday. With that being the case the focus is on global concerns and possible EU exit of the UK. The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. Read more...

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