The BoE voted 5-4 to hold rates steady, pointing to a softer labour market, falling business sentiment and progress on inflation. GBP repricing takes effect as sterling drops
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoE Preview: GBP might get a bit of relief if rates do riseKit Juckes, Chief Global FX Strategist at Société Générale, analyzes today’s rate decision in the UK. Rate hike not enough to prevent a break of GBP/U
Read more »
GBP/USD struggles as BoE’s hold rates, rate differential benefits USDThe British Pound (GBP) registers solid losses against the US Dollar (USD) after the Bank of England’s (BoE) decision to hold rates unchanged in a 5-4
Read more »
GBP/USD Sinks After BoE, Fed: Is More Downside in the Offing?Forex Analysis by Fawad Razaqzada covering: GBP/USD, US Dollar Index Futures, Crude Oil WTI Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
GBP/USD Forecast: Markets could ignore oversold conditions on a dovish BoE surpriseAfter rising above 1.2400 during the European trading hours on Wednesday, GBP/USD made a sharp U-turn and closed the day in negative territory. The pa
Read more »
BoE Preview: A hike would provide GBP/USD with some much-needed supportThe dramatic repricing of the Bank of England tightening cycle has taken its toll on Sterling over recent weeks. Economists at ING analyze GBP outlook
Read more »
GBP/USD hits fresh six-month low below 1.2250 on BoE’s surprise holdGBP/USD sees a fresh bout of selling pressure, hitting the lowest level since March this year, as the Pound Sterling feels the heat of the dovish Bank
Read more »