September 22, 2024 – Written by Frank Davies
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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