Pound Falls After BOE Monetary Policy Decision

At 7:00 am ET, the Bank of England announced its monetary policy decision to hold the key bank rate at 5.25 percent, unexpectedly.

After the BOE rate decision, the pound fell against its major rivals.

As of 7:01 am ET, the pound was trading at 0.8692 against the euro, 1.1090 against the Swiss franc, 1.2243 against the U.S. dollar and 180.83against the yen.