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The Pound Sterling (GBP) trades in a narrow range with the downside cushioned due to improved market sentiment but gains are capped due to the stagnant growth outlook for the UK economy.
The EUR/USD pair struggled for direction throughout the week, unimpressed by growth-related figures and central banks’ announcements.
The Pound Sterling (GBP) advances strongly as the Bank of England (BoE) has kept interest rates unchanged at 5.25%, as expected
The Australian Dollar (AUD) extends its losses for the second session, hovering around a key level on Wednesday.
The Pound Sterling (GBP) registered lackluster moves on Wednesday as investors await monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE).