Sterling Rises After Bank of England Votes Unanimously to Hold Rates -- Market Talk
Dow Jones03-19 20:26
1226 GMT - Sterling rises against the dollar and the euro after the Bank of England voted unanimously to leave interest rates on hold at 3.75%. Prior to the U.S.-Israeli attack on Iran, many investors had anticipated a rate cut at this meeting. However, the recent surge in energy prices means rate increases could be possible due to fears about rising inflation. The BOE said it will "continue to monitor closely the situation in the Middle East and its impact on global energy supply and energy prices." The central bank's monetary policy committee "stands ready to act as necessary." Sterling rises 0.3% to $1.3309, from $1.3287 beforehand. The euro falls 0.1% to 0.8627, from 0.8634 previously. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 08:26 ET (12:26 GMT)
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