GBPUSD surged past 1.330 for the first time since March 2022, following the Bank of England's decision to keep interest rates steady at 5.0%. The BoE's unexpected 8-1 voting outcome and ongoing strategy for quarterly rate reductions have shaped market expectations.
Fed cuts deeper than anticipated while BoE is expected to hold rates steady.
Fed’s recent 0.5% rate cut led to a temporary market surge, but stocks ultimately fell as Chairman Powell signaled no imminent further easing. Investors are now focused on the BoE’s decision today, which is expected to maintain rates at 5.0% amid persistent inflation.
GBPUSD surged past 1.330 for the first time since March 2022, following the Bank of England's decision to keep interest rates steady at 5.0%. The BoE'...
Fed’s recent 0.5% rate cut led to a temporary market surge, but stocks ultimately fell as Chairman Powell signaled no imminent further easing. Inves...
Cable is testing the key resistance level at 21-period SMA (1.270545) as investors anticipate the BoE’s comments regarding the future of it’s poli...
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