February 2, 2024 – Written by John Cameron
STORY LINK Pound to Dollar Rate End-of-Week Forecast: Is 1.28 Next?
BoE Mirrors Fed Reluctance to Endorse Interest Rate Cuts, GBP/USD Rallies to 1.2700
The Bank of England (BoE) Monetary Policy Committee (MPC) held interest rates at 5.25% at the latest policy meeting which was in line with consensus forecasts.
The BoE and Federal Reserve have rejected market pricing for interest rates and relatively narrow ranges prevailed.
The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2625 ahead of the rate decision…
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