Investing.com – The BoE Thursday left the bank rate and its asset purchase program on hold.
The bank rate stands at a historic low of 0.25%; QE program at £435 bn.
Sterling was 0.46% at $1.2348 at 08:30 ET after the release of the decision.
Inflation is rising while the economy is starting to show some signs of weakness ahead of Brexit talks.
The BoE maintained its neutral stance to monetary policy.