November 10, 2024 – Written by John Cameron
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Climbs on BoE Rate Decision
The Pound to US Dollar (GBP/USD) exchange rate rose on Thursday as markets responded to the Bank of England’s (BoE) latest interest rate decision.
The Pound (GBP) appreciated on Thursday after the BoE announced its latest interest rate decision.
As anticipated, the BoE implemented a 25bps rate cut following its November meeting, marking the second reduction this year.
However,…
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