The Pound Sterling (GBP) trades marginally lower on Thursday just above the 1.2700 mark against the US Dollar (USD), ahead of the Bank of England (BoE) policy meeting, a key event for GBP pairs.
The Pound Sterling prints red bars lower on traders’ screens ahead of the Bank of England meeting. The bank is expected to leave interest rates unchanged, the Minutes and voting will be keenly eyed. Recent inflation data was mixed despite the headline rate hitting the BoE’s 2.0% target. The Pound Sterling trades marginally lower on Thursday just above the 1.2700 mark against the US Dollar , ahead of the Bank of England policy meeting, a key event for GBP pairs.
” On Thursday morning, Swiss Franc traders were handed some volatility to play with after the Swiss National Bank decided to cut interest rates for the second time in a row to 1.25%. The decision, however, was widely expected, with two-thirds of economists polled by Reuters prior to the event saying they thought the SNB would cut. Still, the SNB decision does not particularly serve as an accurate barometer of what to expect from the BoE.
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