GBP/USD rises above 1.33 after the hard line cut of the BOE, US and the United Kingdom reach a commercial agreement
The sterling pound (GBP) advanced during the US session after the Bank of England (BOE) reduced the loans with a divided vote of 7-2, with two members voting to keep the rates without changes. The positive employment data of the United States (USA) failed to boost the US dollar (USD), while a commercial agreement between the US and the United Kingdom acts as a tail wind for the GBP/USD, which quotes in 1,3300, with an increase of 0.15%. Read more…
The pound sterling wins after the trimming of interest rates of the BOE at 4.25%, guide for a gradual relief
The pound sterling (GBP) attracts offers in front of its peers in the European session on Thursday after the decision to cut the tough line interest of the Bank of England (BOE). The BOE has cut interest rates in 25 basic points (PB) to 4.25%, as expected, this being the fourth rate cut in the current monetary expansion cycle, which began in August last year. Read more…
United Kingdom and the US have reached a “basic principles” commercial agreement – Sky News
Citing the confirmation of a source from the British government, Sky News informed Thursday that the United Kingdom and the US have reached an agreement of “basic principles” and a “substantive” step towards a complete commercial agreement. 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.
