Monday , 25 November 2024
Home Forex GBP/USD backslides after BoE holds rates citing concerns over sustainable inflation
Forex

GBP/USD backslides after BoE holds rates citing concerns over sustainable inflation

GBP/USD slipped lower on Thursday after the Bank of England (BoE) held rates at 5.25%, citing ongoing concerns about the central bank’s ability to sustainably keep inflation at or below the 2.0% target.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Belgian business confidence -11.1 vs -12.8 prior

Prior readings in parenthesis:Manufacturing: -16.7 (-18.3) Business-related services: +7.0 (+3.8) Construction: -5.3...

It’s all about Scott Bessent today. Five things to know about the incoming Treasury Sec

Market moves today are dominated by repositioning after Trump nominated Scott Bessent...

Chicago Fed November national activity index -0.40 vs -0.28 prior

This is a composite index of data that's already released so it's...

USD is lower to start the new trading week. Stocks higher. Yields Lower

The USD is lower. US stocks are higher in pre-market futures trading....