Skip to main content

GBP/USD falls even as Bank of England keeps rates on hold at 5.25%

The Bank of England (BOE) have just announced the outcome of their policy decision and as expected they have kept the base rate on hold at 5.25%. The voting split on that decision was 7-2 in favour of the outcome, with two members voting for a cut. The accompanying statement from the Bank has seen them state that the policy outlook will remain restrictive for the foreseeable future. There were no explicit hints of easing, but the pound has fallen back across the board on this news. The GBP/USD has dropped to wards 1.2450 and it could be the voting split that was responsible for that 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!