GBP/USD falls while the BOE keeps the rates and suggests uncertainty about future cuts
The sterling pound (GBP) depreciated against the US dollar (USD) after the Bank of England (BOE) decided to keep the rates unchanged and warned about trimming of interest rates due to “much economic uncertainty at this time,” said the governor of the BOE, Andrew Bailey. At the time of writing, the GBP/USD quotes at 1,2964, lowering 0.29%. Read more…
The sterling pound attracts offers after the BOE to leave interest rates without changes in 4.5%
The sterling pound (GBP) bounces in front of its main peers in the first American session on Thursday. The British currency recovers after the Bank of England (BOE) maintained stable interest rates at 4.5%, as expected. Eight of the nine members of the Monetary Policy Committee (MPC) voted in favor of leaving the interest rates of loans at their current levels, while one supported a reduction of interest rates of 25 basic points (BPS) compared to two anticipated by market participants. Read more…
GBP/USD price forecast: It is maintained above 1,3000 about five months maximum
The GBP/USD pair remains in positive territory per fourth consecutive session, quoting around 1,3010 during the Asian hours of Thursday. The technical analysis of the daily graphic indicates a continuous bullish bias, with the torque moving up into an ascending channel pattern. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
