BoE less hawkish than expected

Fawad Razaqzada TradingCandles.com

The pound’s initial reaction was lower in response to the Bank of England’s latest policy decision. Here is why:

This is how the pound reacted against the dollar, giving back some post-FOMC gains.

Source: Trading View and FOREX.com.

Author

Fawad Razaqzada

TradingCandles.com

Experience Fawad is an experienced analyst and economist having been involved in the financial markets since 2010 working for leading global FX, CFD and Spread Betting brokerages, most recently at FOREX.com and City Index.

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