Investing.com - The Bank of England kept its benchmark interest rate unchanged and announced no change to its asset purchase facility program, it said on Thursday.
The BOE said it was holding the benchmark interest rate at 0.50%, in a widely expected move. The rate has been held at that level since March 2009.
The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.
Most market players expect the BOE to begin slowly raising interest rates in mid-2016.
GBP/USD was trading at 1.5158 from around 1.5180 ahead of the announcement, while EUR/GBP was at 0.7224 from 0.7213 earlier.
Meanwhile, European stock markets were mostly lower. London’s FTSE 100 shed 0.55%, the EURO STOXX 50 dipped 0.55%, France's CAC 40 dipped 0.2%, while Germany's DAX inched down 0.2%.