Pound slips after Bank of England holds rates steady
LONDON, June 19 (Reuters) - The pound turned negative against a broadly stronger dollar on Thursday after the Bank of England (BoE) held rates steady as expected and cited elevated global uncertainty and persistent inflation as concerns.
At 1102 GMT the pound was 0.1% lower at $1.3415 GBP=D3 and also flat against the euro, which traded at 85.53 pence. EURGBP=D3.
The FTSE 100 .FTSE barely reacted, trading 0.2% lower on the day, roughly where it had been prior to the BoE decision, while two-year gilt yields GB2YT=RR fell to session lows at 3.886% before edging higher to 3.897%.
The pound has risen 7.3% against the greenback in 2025, helped by a rush away from U.S. assets thanks to heightened trade uncertainty in light of Trump's tariffs.
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