Asian Session – Pound steady ahead of BoE decision; Dollar edges higher as yen backtracks
Posted on August 4, 2016 at 8:11 am GMTThe pound held steady in a tight range on Thursday as investors await the Bank of England’s latest monetary policy decision later in the day. Most analysts are expecting a 0.25% cut in the Bank’s base rate to stimulate the UK economy following recent data pointing to the sharpest slowdown in growth since the financial crisis. There are also expectations that the Bank will announce other measures such as restarting its quantitative easing program or new ways to boost lending [..]