British pound extended gains after BoE meeting
June 17th 2015
The
British pound recovered significantly against the U.S Dollar hitting $1.5740 after
the increase of the U.K inflation rates during the previous month. And today the Sterling
has continues its gains for the 4th consecutive session, after the
Bank of England
monetary policy meeting. In fact, the BoE majority of members voted to keep the
interest rates unchanged. In addition, the average earnings index rose to 2.7
%. While the unemployment rate holds steady at 6 years low of 5.5%. So all the
economic data have indicated the economic improvement in U.K. during the recent months.
