GBP/USD surges as BoE holds rates, hints inflation risks remain
The GBP/USD surges during the North American session after the Bank of England held rates unchanged, citing high inflationary pressures spurred by the Middle East conflict. The pair trades at 1.3356, up 0.76%. Read More…
GBP/USD rises as BoE surprises with unanimous rate hold amid inflation concerns
GBP/USD trades around 1.3300 on Thursday at the time of writing, up 0.28% on the day, supported by a mildly positive market reaction to the Bank of England (BoE) monetary policy decision. Read More..
GBP/USD slides below 1.3300 ahead of Thursday’s BoE decision
GBP/USD fell around 0.7% on Wednesday, sliding below the 1.3300 handle as Cable continues to grapple with the technical level. The sell-off extends the pullback from the late-January high near 1.3870, with the pair now trading below both of its key daily moving averages. Wednesday’s decisive bearish candle suggests the indecisive price action of the past two weeks has resolved to the downside. Read More…
