Neutral
GBP/USD stabilizes near 1.3371 after BoE holds rates and UK retail sales beat expectations.
In the past 24 hours, GBP/USD has remained steady around 1.3371 following the Bank of England's decision to maintain interest rates at 3.75%, with a 6-3 vote. Additionally, UK retail sales rose by 0.5% in August, surpassing the anticipated 0.2% decline. These developments have balanced each other, resulting in minimal movement for the currency pair.
Key points
- Bank of England votes 6-3 to keep rates at 3.75%.
- UK retail sales increase by 0.5% in August, exceeding forecasts.
Sources
AI-generated from public news sources. Not financial advice.
