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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD retreated after peaking a handful of pips above the 1.3400 mark, following the BoE's announcement. The Bank of England decided to maintain the benchmark rate unchanged at 3.75%. The MPC voted 6-3 in favor of keeping rates on hold, with the 3 dissenters favoring a rate hike. US Q2 GDP coming up next.
EUR/USD trimmed early losses and trades flat for the day early in the American session on Thursday, helped by better-than-expected German and Eurozone GDP data and renewed US Dollar weakness. Traders now brace for preliminary readings on US second-quarter GDP.
Gold hovers around its daily open ahead of the U.S. open on Thursday, trimming early losses. The Greenback enjoyed some near-term demand following Wednesday's post-FOMC downfall, but was unable to retain its gains. Market players now waiting for US Q2 GDP.
Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press. Follow here the press conference.
