The Bank of England brang the pound to life

On Thursday, on the foreign exchange market in the spotlight is the British pound. Today, after at their meeting, the Bank of England lowered the interest rate from 0.5% to 0.25%. This is the lowest value of the index over the past 320 years. Also, the central bank increased its asset purchase from 375 billion pounds to 435 billion pounds.
The bank's actions were expected. Mark Carney in his speeches after Brexit warned currency market players that the regulator will carry ultrasoft policy and it is likely to decrease the rate.
This decision was dictated by a desire to support the UK economy, improve goods turnover and increase the volume of industrial production. Not the least role in the decision of the Bank of England played the results of the referendum on exit of the UK from the EU structure. After the UK will be out of the EU, its economy may experience a certain drawdown, but this aspect should be soften.
The pair GBP/USD in the coming days will aim for 1,289, thus, the pound's downward trend will be confirmed in both medium and long term.

Citi: The price of the pound would fall before the meeting of the Bank of England, and after it

According to the forecasts of economists of the bank, on Thursday the Bank of England will lower its key interest rate to 0.25% and will resume its program of buying assets in which over the next four months in the financial system will be infused £75 billion.

Acoording to analysts, forecasts for the economy and inflation of the country will likely to be reduced.

Market expectations for expansion of incentives were formed during the week, so for the Bank of England will be difficult to maintain the status quo, which is negative for the pound, say analysts.

The bank remains bearish about sterling and believes, that the decline in interest rates and the resumption of quantitative easing program would become a longterm signal.

Given the above, analysts of the bank see major prerequisites for decline in the pound before the meeting of the Bank of England and after it.