Pound rallies against the dollar after QE decision

QE and interest rates unchanged

The Bank of England voted to keep quantitative easing unchanged and held interest rates at 0.5%.

Pound rallies against the dollar after QE decision Credit: Clara Molden/PA

The pound rallied back up to 1.51 US dollars after the Bank of England decision not to change the rate of quantitative easing.

The pound had earlier dipped below 1.50 against the US dollar on fears that the Bank would restart the printing presses.

Last updated Mon 21 Jul 2014

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