The British pound slipped after the Bank of England held rates.
The currency is down by 0.1% at 1.3223 against the dollar as of 1:39 p.m. ET.
Earlier, the BOE kept its benchmark interest rate at a record low of 0.25%, as was expected.
Governor Mark Carney and the other eight members of the committee decided that taking Britain’s interest rate closer to zero is not the best course of action to mitigate the economic risks posed by the UK’s decision to leave the EU.
- The euro is little changed at 1.1250 against the dollar The US dollar index is little changed at 95.32. Earlier, retail sales shrank more than expected, industrial production fell more than expected, Philly Fed manufacturing crushed expectations, Empire Fed manufacturing rose less than expected, and initial jobless claims rose less than expected. The Australian dollar is up 0.5% at .7509 per dollar even though Australia’s jobs report missed big earlier. The economy lost a seasonally adjusted 3,900 jobs (versus expectations for an increase of 15,000) in August as the unemployment rate dipped to 5.6%. The Swiss franc is up 0.2% at .9714 per dollar after the central bank held its target range for three-month Libor at -1.25% to -0.25%, as expected. “The Swiss franc is still significantly overvalued,” the SNB added in a statement.The Japanese yen is up 0.4% at 102.02 per dollar. The Russian ruble is up 0.4% at 64.8719 per dollar, while Brent crude oil prices are up 1.8% at $46.70 per barrel.