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Sterling Suffers as BoE Treads Cautiously with 25bps Rate Hike; Dollar Maintains Weekly Lead

Sterling Suffers as BoE Treads Cautiously with 25bps Rate Hike; Dollar Maintains Weekly Lead
Sterling falls significantly today following BoE’s decision to raise interest rates by only 25bps. This cautious, along with Governor Andrew Bailey’s clear indication that a 50bps hike was not on the table, has resulted in substantial pressure on the Pound. Meanwhile, currency markets remain mixed elsewhere, with Canadian and US Dollar on the softer side, […] The post Sterling Suffers as BoE Treads Cautiously with 25bps Rate Hike; Dollar Maintains Weekly Lead appeared first on Action Forex... Read More
Posted: Aug 3 2023, 13:17
Author Name: actionforex
Views: 080734

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