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European Markets Mixed, Pound Falls Ahead of Bank of England Decision

European markets started Thursday trading mixed ahead the Bank of England's rate decision later in the day.

The central bank is widely expected lower rates by 25 basis points to 0.25% in what would be the first change in rates since it slashed borrowing costs to a record low in March 2009. The pound fell throughout the Asia trading session and was recently 0.24% down against the dollar at $1.3293.

President of the German Bundesbank Jen Weidmann today warned about the impact of lower-for-longer rates on banks. He told Germany's Die Zeit that banks could...