GBP/USD rallies post BoE and Fed decisions

The Pound Sterling (GBP) gained some ground against the US Dollar (USD) during the North American session following back-to-back monetary policy decisions by the Bank of England (BoE) and the US Federal Reserve (Fed). Read More…

The Pound Sterling (GBP) recovers swiftly as the Bank of England (BoE) has kept interest rates steady at 5.25%. The BoE has kept interest rates unchanged for the fourth time in a row. Six of nine Monetary Policy Committee (MPC) members supported maintaining the status quo. BoE policymakers Catherine Mann and Jonathan Haskel voted for a further interest rate hike by 25 basis points (bps) to 5.50%, while Swati Dhingra endorsed a rate cut of the same size. Read More…

GBP/USD grapples to find a direction, hovering around 1.2680 during the Asian session on Thursday. The technical analysis of the GBP/USD pair shows that the 14-day Relative Strength Index (RSI) is positioned below 50. This indicates a bearish momentum for the pair. Read More…