June 6 Thursday 11:40 GMT
LONDON – The Bank of England’s Monetary Policy Committee left its interest rate unchanged at 0.5 percent today as widely expected and its quantitative easing policy of asset purchases unchanged at 375 billion pounds. The pound was little changed after the BOE MPC announcement. Cable held steady to firm and rose to 1.5465 from 1.5450.
The U.K. Halifax House Prices rose +0.4% in May, slightly higher than the median forecast of +0.2% while the previous month was +1.1% in April. The housing price inflation is picking up and activity is improving.
The 21-day moving average rose to 1.5455 from 1.5395 while the 90-day moving average rose to 1.5443 from 1.5395 as well.