March 21, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift
The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged.
The Pound to Euro exchange rate (GBP/EUR) slipped 0.29% to trade at 1.16667. The Pound to Dollar exchange rate (GBP/USD) plunged near 1% to trend at around 1.2671.
However, the two remain hawkish members voted for a pause rather than a hike.
While…
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