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 volumes rose by 0.5% in August, surpassing expectations of a 0.2% decline. These developments have balanced out the earlier strength of the US dollar, leading to a neutral market sentiment for GBP/USD.
Key points
- Bank of England holds interest rates at 3.75% with a 6-3 vote.
- UK retail sales volumes increase by 0.5% in August, exceeding expectations.
Sources
AI-generated from public news sources. Not financial advice.
