The Bank of England on Thursday released details of the interest rate vote following the August 7 meeting, showing that 5 members voted in favor of a 25 basis point rate cut, while 4 members voted to keep rates unchanged. The vote outcome contradicted market expectations, which had anticipated that 8 members would support a 25 basis point cut, with...

The British pound rose with the opening of the European market on Friday against a basket of global currencies, extending its gains for the sixth consecutive day against the US dollar and recording its highest level in two weeks, on the verge of achieving a weekly gain, thanks to the hawkish monetary policy meeting of the Bank of England. The...

The (GBPUSD) price rose slightly in its last intraday trading, preparing to attack the key resistance level at 1.3585, amid the dominance of bullish correctional wave on the short-term basis, indicating the dominance of the buying powers on the trading, especially with the continuous positive support due to its trading above EMA50, on the other hand, we notice the emergence...

The Bank of England on Thursday announced its interest rate decision following the August 7 meeting, cutting rates by 25 basis points to a range of 4.00% the lowest level since February 2023. The move was in line with market expectations and marks the third rate cut by the Bank of England this year. ...