British Pound

The British pound experienced a decline, falling below $1.36 as market participants assessed new indications from the Bank of England (BoE). Despite holding rates steady, internal divisions and a slightly more dovish tone impacted the currency’s value. While economic growth showed some unexpected strength in Q2, the overall economic outlook remained subdued. The Bank of…

The British pound is holding firm near a ten-week high, trading above $1.363. The market is anticipating the Bank of England’s upcoming decision, widely expected to maintain the current interest rate of 4% and potentially slow the pace of bond unwinding. UK inflation and employment data have recently been released, broadly meeting expectations, which has…