GBP/USD slips as BoE holds rates, scales back QT and signals future cuts
The British Pound (GBP) reversed its course, dropping over 0.51% on Thursday following the Bank of England’s (BoE) decision to hold rates unchanged, after the Federal Reserve (Fed) began its 2025 easing cycle. The GBP/USD pair trades at 1.3551 after hitting a daily high of 1.3660. Read More…
Pound Sterling gives up some gains after BoE’s monetary policy outcome
The Pound Sterling (GBP) faces selling pressure against its major peers on Thursday after the Bank of England’s (BoE) monetary policy announcement. The BoE has held interest rates steady at 4%, as expected, with a 7-2 majority. Read More…
GBP/USD declines to near 1.3600 ahead of BoE rate decision
The GBP/USD pair edges lower to around 1.3615 during the early European session on Thursday, pressured by a rebound in the US Dollar (USD). The Bank of England (BoE) interest rate decision will take center stage later on Thursday, with no change in rates expected. Read More…
