Sterling Extends Losses After BOE Holds Rates, Seen Vulnerable0927 GMT - Sterling continues to weaken after the Bank of England held its benchmark interest rate at 0.1% on Thursday, defying expectations for a 15 basis points rate rise. GBP/USD falls 0.3% to a five-week low of 1.3440 and EUR/GBP rises 0.3% to a five-week high of 0.8591, according to FactSet. ---Mitie Group Announces $162 Mln Notes OfferingMitie Group PLC said Friday that it will issue U.S. private placement notes worth 120 million pounds ($162.0 million). "A more dovish-than-expected BOE meeting triggered a repricing of market expectations for rate hikes across the board and, more in general, a further correction in rates market," UniCredit says. (lorena.ruibal@wsj.com)Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com(END) Dow Jones NewswiresNovember 05, 2021 05:47 ET (09:47 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.

Source: Wall Street Journal November 05, 2021 21:56 UTC