BOE Keeps UK's Asset Purchase Program

The British central bank released today the monetary policy vote at the end of the June 20 meeting, which showed that all members voted in favor of keeping interest rates at current levels of 0.75%. while the vote on the asset purchase program, the nine members also voted to to hold the the program value at 435 billion pounds sterling per month, which came according to expectations.

Oil climbed to a three-week high in the European market on Thursday, extending its gains for a third day in a row, as Brent rose to a 10-day high on the back of a slower supply in the United States and the continued geopolitical tensions in the Gulf region.

The British economy released at 08:30 GMT, its monthly retail sales reading, which fell by 0.5% in May, according to analysts' expectations of a 0.5% drop, while the previous reading was revised to a drop by 0.1% from 0.0%. This statement is negative for Sterling Pound.