Pound Sterling Price News and Forecast: GBP/USD surges to 1.3300 as BoE keeps interest rates steady at 5%

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Pound Sterling surges to 1.3300 as BoE keeps interest rates steady at 5%

The Pound Sterling (GBP) strengthens against its major peers on Thursday after the Bank of England's (BoE) monetary policy announcement. The BoE left interest rates unchanged at 5%, as expected, as the United Kingdom (UK) core Consumer Price Index (CPI) data for August came in higher than expected. Read More...

GBP/USD Price Forecast: Touches new yearly high but diverging with momentum

GBP/USD has rallied to a new high for 2024 on Thursday; the pair reached 1.3314 during trading on Thursday, its highest price for the year. Read More...

GBP/USD trims a part of intraday losses, down a little below 1.3200 ahead of BoE

The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day. Spot prices climb closer to the 1.3200 mark during the Asian session, albeit lack follow-through amid some follow-through US Dollar (USD) buying and currently trade with modest intraday losses. Read More...

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