- Analytics
- News and Tools
- Market News
- GBP/USD: BoE leaves policy on hold – Scotiabank
GBP/USD: BoE leaves policy on hold – Scotiabank
The BoE left its policy rate unchanged at 4.75%, as expected. The Pound Sterling (GBP) has traded well off the earlier session highs to edge back under 1.26 in early trade here, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP dips after BoE leaves policy unchanged
“c. The policy statement reaffirmed recent policymakers’ comments, noting that a ‘gradual approach’ to future policy cuts was the right approach. The Bank said it could not commit to when or by how much it would ease policy next year. Sterling weakened on the announcement.”
“GBP has traded well off the earlier session highs to edge back under 1.26 in early trade here. Spot trends are weak and momentum favours more USD gains. Cable looks poised to test major trend support at 1.2520 shortly. Resistance is 1.2650/60.”
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
