As expected, the Bank of England kept its interest rate at a record low of 0.25 percent and the quantitative easing at GBP 435 billion.

The pound climbed against its major rivals following the decision.

The pound was worth 0.8733 against the euro, 140.07 against the yen, 1.2437 against the franc and 1.2786 against the greenback around 7:01 am ET.

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