GBP/USD hits two-week low after BoE, Fed decisions
The Pound Sterling tumbles sharply against the US Dollar and prints a new two-week low following major central banks’ monetary policy decisions. On Thursday, it was the Bank of England’s (boE) turn to deliver a dovish hold, spurring a U-turn in price action. At the time of writing, the GBP/USD trades at 1.2659, down 0.97%. Read More…
Pound Sterling slumps as BoE Mann votes for holding key rates steady at 5.25%
The Pound Sterling (GBP) witnesses a sharp sell-off in Thursday’s early New York session as eight out of nine members led-Monetary Policy Committee (MPC) of the Bank of England (BoE) has voted to keep interest rates unchanged at 5.25% for the fifth time in a row. The BoE was widely expected to announce a steady interest rate decision. However, BoE policymaker Catherine Mann, who has surprisingly voted for keeping interest rates unchanged at 5.25%, has built downside pressure on the Pound Sterling. Read More…
BoE keeps rates unchanged, matching the broad consensus
The Bank of England (BoE) matched consensus and left its policy rate unchanged at 5.25% at its event on Thursday, as widely anticipated.
MPC members voted 8-1 to keep rates on hold, as MPC member Dhingra voted to cut rates by 25 bps. Read More…
Source: https://www.fxstreet.com/news/pound-sterling-hits-two-week-low-after-boe-fed-decisions-202403211938