Pound Sterling surges to 1.3300 as BoE keeps interest rates steady at 5%
While the BoE is widely anticipated to keep interest rates steady, investors will focus on guidance for the remainder of the year. Currently, financial market participants expect that the BoE will cut interest rates one more time in any of its remaining monetary policy meetings.
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The Federal Reserve (Fed) decided to lower the policy rate by 50 basis points (bps) to the range of 4.75%-5% after the ...
According to Scotiabank’s chief FX strategist Shaun Osborne; “A 1/4-point cut is likely to be accompanied by a dovish-leaning ...
The Bank of England held its base rate at 5% at noon yesterday as Governor Andrew Bailey insisted it must be 'careful not to ...
The Pound (GBP) strengthened against most of its peers on Thursday following ... This steadfast approach, coupled with ...
The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news ...
The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of ...
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