GBP/USD climbs past 1.33 on BoE hawkish cut, US-UK reaching trade deal
The Pound Sterling (GBP) advanced during the North American session after the Bank of England (BoE) reduced borrowing costs on a 7-2 vote split, with two members voting to hold rates unchanged. Positive United States (US) jobs data failed to propel the US Dollar (USD), while a trade deal between the US and the UK is a tailwind for GBP/USD, which trades at 1.3300, up 0.15%. Read More…
Pound Sterling gains after BoE cuts interest rates to 4.25%, guides gradual easing
The Pound Sterling (GBP) attracts bids against its peers in Thursday’s European session after the Bank of England’s (BoE) hawkish interest rate cut decision. The BoE has cut borrowing rates by 25 basis points (bps) to 4.25%, as expected, making it the fourth interest rate trim in the current monetary expansion cycle, which it started in August last year. Read More…
UK and US have reached a “heads of terms” trade agreement – Sky News
Citing confirmation from a British government source, Sky News reported on Thursday that the UK and the US have reached a “heads of terms” agreement and a “substantive” step towards a full trade deal. Read More…
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