A man stands outside the Bank of England in the City of London on April 19 this year. (Reuters photo)LONDON - The pound slid from an 11-month high versus the dollar and UK government bonds rallied after the Bank of England voted to keep interest rates unchanged, while also cutting the country’s economic growth forecast. The BOE’s Monetary Policy Committee voted 6-2 in favour of keeping rates unchanged at a record-low 0.25%. The central bank lowered its economic growth projections to 1.7% this year from 1.9%. The gauge was above the key 50 level that divides expansion from contraction and beat analysts’ median forecast of 53.6.

Source: Bangkok Post August 03, 2017 14:15 UTC