Sterling falls more than 1% on Bank of England's decision

The British pound fell against most of its major counterparts on Thursday, following the Bank of England's decision to keep interest rates unchanged, while markets remain uncertain about Brexit.

The Bank of England has kept the interest rate at 0.75% unchanged, and stated that most companies are prepared for the UK exit from the EU even without agreement.

However, there is still uncertainty about the postponement of Brexit and London's official request for Brussels to postpone the exit which is scheduled for March 29th.

Separately, government net borrowing in Britain fell to a 17-year low of £200 million in February from £1.2 billion in the same month in 2018.

In terms of trading, by 18:22 GMT, the pound fell against the dollar by 1.1% to 1.3056 with the day's highest at 1.3228 and the lowest at 1.3004.