Friday , 20 September 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Your email address will not be published.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

PBOC is expected to set the USD/CNY reference rate at 7.0637 – Reuters estimate

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The...

ICYMI – China’s state planner promises more stimulus (describes as ‘incremental’)

The National Development and Reform Commission of the People's Republic of China...

Japan data – August CPI Headline +3.0% y/y (vs. 3.0% expected)

Japanese CPI Overall 3.0% y/yexpected 3.0%, prior 2.8%Core CPI (excluding fresh food)...

UK consumer confidence September: -20 (vs. -13 expected). Lowest since March 2024.

UK GfK Consumer Confidence September 2024 is disappointing, turns even more deeply...