The pound was at to its highest level in two-and-a-half years after the Bank of England left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve. The pound climbed 0.

The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.

LONDON : The British pound rose against the dollar today after UK inflation data boosted the market view that the Bank of England (BoE) will keep interest rates steady tomorrow, in contrast with an expected start to the US policy easing cycle later today. Sterling GBP=D3 gained 0.49% to US$1.3227, a session high, recouping yesterday’s losses.

The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than

The British pound held firm against the dollar on Tuesday, maintaining Monday's gains, as traders geared up for UK inflation data, a Bank of England meeting and an expected start to a U.S. easing cycle this week.

Interest rates are expected to be held at 5% by the Bank of England on Thursday. The decision at midday comes after it was revealed inflation, which measures the rate UK consumer prices are rising at,

The U.K.’s annual rate of inflation was unchanged in August despite prices of services increasing at a faster rate, reinforcing expectations the Bank of England will leave its key interest rate unchanged this week.

The Bank of England is widely expected to keep interest rates on hold on Thursday after the latest UK inflation figures remained stubbornly high. Most economists think the Monetary Policy Committee (MPC) rate-setters will keep base rate unchanged at 5 per cent,