- Veteran bands Motorhead, Black Sabbath top Metal Hammer Golden Gods
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- 'Standing man' inspires silent protests in Turkey |
- Golfing in Iceland's midnight sun - lava beds, angry birds, winds
- Brazil protests pose challenge for World Cup organisers
Sterling rises, gilts fall as BoE leaves policy unchanged
LONDON (Reuters) - Sterling rose, hitting a five-week high against the euro, while gilts fell on Thursday after the Bank of England left interest rates and its quantitative easing total unchanged.
The decision had been broadly expected after recent stronger-than-expected UK third quarter growth figures but traders said some investors had positioned for the risk that the BoE could opt for more stimulus.
The euro fell 0.2 percent on the day to 79.69 pence, its lowest since October 1, from around 79.88 pence before the decision. It stopped just shy of chart support at the 100-day moving average around 79.64 pence.
The pound rose to around $1.5978 against the dollar from $1.5952 before the BoE decision, though it was still lower on the day and below the session high of $1.5994.
December gilt futures fell by around 12 ticks immediately after the announcement and then continued to fall. At 1202 GMT, they stood at 120.02, down 18 ticks on the day.
Britain's FTSE 100 index edged higher, to trade up by 0.3 percent at 5,809.26 points, having been up by 0.2 percent before the BoE's decision.
(Reporting by London Markets team; editing by Nia Williams)
- Tweet this
- Share this
- Digg this