Decisions of the Bank of England encourage bear trends of the pound
Forex news, pound rate. The Bank of England has again stopped the base interest rate at the point of 0.5%, which totally corresponds to analytic forecasts. This level remains since 2009 and is minimal.
The volume of the second stage of QE program has also remained unchanged and amount to ₤75 bln. The second stage of the program will be over in two months. Let us remind that the second stage of QE started at the beginning of October 2011. The factors that encouraged such decision of the Central Bank included worsening of crisis, weak statistical data, and others.
