GBP/USD came under heavy bearish pressure on Thursday and lost more than 1% on a daily basis for the first time since October. The pair continues to push lower on Friday and was last seen losing more than 0.5% below 1.2600.
The Bank of England maintained the bank rate at 5.25% as widely anticipated. The policy statement revealed that seven policymakers voted in favor of a hold, while one policymaker wanted to lower the policy rate by 25 basis points. The BoE refrained from offering any clues regarding the timing of the policy pivot.
The Bank of England maintained the bank rate at 5.25% as widely anticipated. The policy statement revealed that seven policymakers voted in favor of a hold, while one policymaker wanted to lower the policy rate by 25 basis points. The BoE refrained from offering any clues regarding the timing of the policy pivot.
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