GBP/USD rallies, nearing 1.2755 post-BoE decision

In Thursday’s session, the GBP/USD pair surged after the Bank of England’s (BoE) recent decision and jumped to its highest point since August at around 1.2755. The rapid ascend was largely motivated by the central bank’s hawkish policy stance, which has boosted Sterling’s value against the US Dollar. Read More…

The Pound Sterling (GBP) has extended its rally above 1.2700 against the US Dollar after the Bank of England (BoE) maintained interest rates steady at 5.25% in the finale of 2023. This was the third straight time when the BoE maintained the status quo through a 6-3 majority as anticipated. BoE policymakers: Megan Greene, Jonathan Haskel, and Katherine Mann endorsed raising interest rates one more time by 25 basis points (bps). Read More…

The GBP/USD pair surges to one-week highs above the 1.2600 mark during the early Asian trading hours on Thursday. The uptick of the pair is bolstered by the weaker US Dollar (USD) and the dovish comments after the Federal Reserve (Fed) meeting. Investors await the Bank of England monetary policy meeting, with no change in interest rate expected. The major pair currently trades near 1.2634, losing 0.06% on the day. Read More…