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As expected, the Bank of England kept its interest rate unchanged at 0.75 percent and asset purchase program at GBP 435 billion.
Following the decision, the pound dropped against its major counterparts.
The pound was trading at 144.99 against the yen, 0.8686 against the euro, 1.3030 against the franc and 1.3116 against the greenback around 8:04 am ET.
