12/17/2020 12:01:03 PM GMT | By Eren Sengezer
The Bank of England s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.
Follow our live coverage of the BoE policy announcements and the market reaction.
Market reaction
The GBP/USD pair, which has been rising steadily on Brexit optimism, showed no significant reaction to the BoE s policy announcements and was last seen gaining 0.82% on the day at 1.3618.
Key takeaways from policy statement as summarized by Reuters The appropriate path of monetary policy would depend in part on the balance of the effects of the UK s new trading arrangements with the European Union, on demand and supply and the exchange rate.