European session – Pound plummets as BoE in no hurry to raise rates; Dollar extends Fed losses
Posted on February 2, 2017 at 4:33 pm GMTMarket participants’ attention shifted for the most part to the UK today as the Bank of England meeting on monetary policy and subsequent press conference by BoE Governor Mark Carney took place. The BoE’s Monetary Policy Committee unanimously decided to maintain its key rate at the record low of 0.25%. No changes were made to its bond-buying program either, while the Bank was more upbeat in both the prospects of the job market and its growth forecasts, upwardly revising its [..]