Immediately after the news GBP/USD fell to 1.3179, but later rebounded and closed at 1.3237, almost unchanged from closing on Thursday. Retail sales in the UK shrank in August, decreasing by 0.2%, although in July recorded a growth of 1.9%.
Saturday 17 September 2016
The Bank of England left interest rates unchanged at a level of 0.25%
The Bank of England left interest rates on the main level of 0.25 percent, but it became clear that there is a real opportunity for a new reduction in interest rates by year-end, which of course is related to the leaving of the United Kingdom from the European Union and all related consequences with this. The institution raised its forecast for growth of the economy in the third quarter to 0.3% compared to the previous forecast of 0.1 percent.
Immediately after the news GBP/USD fell to 1.3179, but later rebounded and closed at 1.3237, almost unchanged from closing on Thursday. Retail sales in the UK shrank in August, decreasing by 0.2%, although in July recorded a growth of 1.9%.
Immediately after the news GBP/USD fell to 1.3179, but later rebounded and closed at 1.3237, almost unchanged from closing on Thursday. Retail sales in the UK shrank in August, decreasing by 0.2%, although in July recorded a growth of 1.9%.
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