Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD rises above 1.27 as BOE holds and maintains its hawkish bias
The Bank of England has just decided to leave its key base rate on hold at 5.25%. That outcome was pretty much a forgone conclusion, but of course never a guaranteed one. The statement accompanying the decision, which was 6-3 in favour of leaving rates on hold (as it was last time around) has maintained a hawkish bias. The statement says that policy will need to be restrictive for an extended period of time. The GBP/USD has reacted to this by rising to fresh session highs above 1.27
Market News
All News-
Close but no cigar yet for the GBP/USD
Earlier today the slide in the dollar allowed the Pound to have a very close look at a level mentioned here many times before. That is the 2024 high...
-
Big tech takes Nasdaq 100 lower again
Since the last update here on the Nasdaq 100, the index has suffered further selling and a lot of that is heavy losses across the big tech sector. The...
-
Bitcoin lifts above 200 day moving average right now
A short while ago the move higher in Bitcoin saw it extend the gains noted here earlier today. BTC rose back above 88k and pushed on, to test the 200...
