September 22, 2024 – Written by Frank Davies
Leave a comment STORY LINK BoE Holds, Buyers See Best Pound to Dollar Rate in 30 Months
The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.00% following the latest policy meeting.
Although the decision was in line with consensus forecasts, the Pound posted strong gains on a relatively hawkish stamen and especially with traders also focussed on the aggressive 50 basis-point rate cut overnight by the Federal Reserve.
The Pound to Dollar (GBP/USD) exchange rate jumped to a fresh…
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