Friday, May 26, 2017

Pair GBPUSD rising to decision

The pair GBP / USD rising to the decision to keep the rate of asthma

On Thursday, the pound extended gains against the falling US dollar, after it became known that the Bank of England left interest rates unchanged and warned that the uncertainty about the future of Britain's membership of the EU could have a negative impact on the economy.

GBP / USD pair rose by 0.82% to 1.4374, up from 1.4363.

The Monetary Policy Committee of the Bank of England voted unanimously for keeping interest rates at the current record low of 0.5%, where it remains to March 2009.

All nine members of the committee voted in favor of keeping rates and bond purchase program in the amount of 375 billion pounds.

The minutes of the Bank of England said that the growing uncertainty about the country's possible exit from the European Union on the results of the upcoming June 23 referendum could affect the economic situation.

"There is increased uncertainty about the outcome of the forthcoming referendum, it is likely to be a major factor in the fall of the pound," - said in a report.

The pound rose against the euro, with EUR / GBP fell 0.2% to 0.7855, falling from 0.7886.

Dollar as a whole is losing ground after the Federal Reserve said it planned to raise rates twice this year, instead of four as previously thought.

The Fed said the US economy faces risks associated with the uncertainty in the global economy, although a moderate recovery and a "strong employment growth" allow the US central bank will continue to tighten policy this year.

USD index, which shows the relationship of the US currency against a basket of major currencies, was down 0.56% to 95.16, still holding five-month low at 95.05.

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