The Bank of England's decision to keep interest rates steady is a significant economic policy event that can influence investor sentiment and economic conditions in the UK. As EWU tracks the investment results of an index composed of UK equities, changes in interest rates and the subsequent economic impact could affect the performance of the ETF. However, the immediate impact on EWU's price might be neutral as the market may have anticipated this decision, and the direct effects on equity markets can be complex and varied.