British Pound (GBP) Breaking News: BoE Hikes by 50bps, Highest in 27 Years
GBP/USD slips after the BoE raises interest rates by 50bps.
Source: dailyfx.com
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GBP/USD slips after the BoE raises interest rates by 50bps.
GBP/USD bears clawed back gains today as investor apprehension grips global markets, while UK housing data misses expectations.
GBP/USD stays bid this morning post-inflation. The pound has been supported by strong UK economic data this week as PMI’s come into focus on Friday.
GBP/USD pushed higher this morning after a robust UK GDP report showed the UK economy on an unexpectedly acceptable footing.
The pound looks to begin next week on the backfoot after stronger than expected NFP results played into dollar strength.