Pound Fell After BoE Left Interest Rate Unchanged
The British pound fell after the Bank of England left its monetary policy unchanged. The bank left the interest rate at 0.25%, and the asset purchase program - 435 billion pounds. At present, it is projected that economic growth will be 1.7% in 2017, and 1.6% in 2018. 2019 growth forecast was held unchanged at 1.8%.
Retail sales in the euro area rose by 0.5% mom, and by 3.1% yoy in June, much better than expectations of 0.0% mom, and 2.5% yoy. Eurozone PMI services was finalized at 55.4. German PMI services was revised to 53.1.
Initial jobless claims in the US fell by 5 thousand to 240 thousand for the week ending July 29. Continuing claims increased by 3 thousand to 1.96 million for the week ending July 22.