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