BOE Decides to Keep QE Levels Steady

Sterling gains against U.S. dollar in forex trading

The Bank of England has decided that current quantitative easing levels are adequate, and decided to continue holding the current ceiling.

There are some concerns that the sovereign debt crisis in the eurozone could affect Britain, since British banks have exposure to the debt of different eurozone countries. However, for now, the Bank of England feels that things are not going to be too much trouble.

For now, sterling is higher against the U.S. dollar in forex trading. Support from equities is helping matters, and there is a touch of risk appetite today, after yesterday’s big fear response. 

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