GBP/USD struggles as BoE’s hold rates, rate differential benefits USD
The British Pound (GBP) registers solid losses against the US Dollar (USD) after the Bank of England’s (BoE) decision to hold rates unchanged in a 5-4 vote split, with BoE’s Governor Bailey providing the decisive vote. A slowdown in UK inflation, reported on Wednesday, was the main driver behind BoE’s decision. The GBP/USD is trading at 1.2295 after hitting a daily high of 1.2331. Read More...
GBP/USD hits fresh six-month low below 1.2250 on BoE’s surprise hold
GBP/USD sees a fresh bout of selling pressure, hitting the lowest level since March this year, as the Pound Sterling feels the heat of the dovish Bank of England (BoE) interest rate decision. Read More...
GBP/USD: A breach of 1.2300 should not be ruled out – UOB
Further downside in GBP/USD remains in the pipeline and could motivate the pair to break below the 1.2300 region in the near term, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...
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