Sterling mostly steady after rate decision
by Elaine Frei
Both the Bank of England and the European Central Bank held interest rates steady on Thursday, at 5.75 percent and 4 percent respectively as most analysts had expected it would.
Sterling held steady at $2.0200 in relation to the US dollar and at ¥232.50 versus the yen in early afternoon trade in London, shortly after the comments were made public, while the UK currency dropped 0.1 percent to £0.6760 in relation to the euro.
Meanwhile, the euro added 0.1 percent to $1.3660 versus the greenback and was 0.2 percent higher against the yen to ¥157.30.
The Australian and New Zealand dollars also gained ground on the yen, with the Australian dollar up 0.2 percent to ¥94.75 and the New Zealand dollar 0.3 percent higher to ¥79.35.
The US dollar added 0.1 percent to ¥115.30 versus the euro but traded even at SFr1.2040 in relation to the Swiss franc.
Story link: Sterling mostly steady after rate decision
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