Bank of England holds rates

The Bank of England left interest rates at a record low of 0.5 percent for the seventh month running on Thursday and said it would keep its 175 billion pound asset buying programme in place, as expected.

Focus has now switched to the November meeting when the Monetary Policy Committee will have new economic forecasts, though most analysts do not expect the BoE will change policy then either given Britain may now be emerging from recession.

"Right now we believe they will announce no further additions to the purchase programme in November, but much will depend on the economic news between now and then," said George Buckley, chief UK economist at Deutsche Bank.

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