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At 7.00 am ET Thursday, the Bank of England kept the bank rate at 0.50 percent and the asset purchase programme at GBP 435 billion.
Following the decision, the pound dropped against its major rivals.
The pound was trading at 0.8805 against the euro, 1.3260 against the franc, 1.3430 against the greenback and 151.33 against the yen around 7:02 am ET.
