BoE Holds Rate at 3.75%, Pound Slips Near Two-Month Low
The British Pound weakened against the US Dollar after the Bank of England left interest rates unchanged at 3.75%, while the Federal Reserve's cautious stance continued to support the Greenback.
GBPUSD
The GBP/USD pair traded near the 1.3210 level on Thursday, close to a two-month low, as the British Pound struggled following the Bank of England's decision to hold interest rates steady at 3.75%.
Meanwhile, the US Dollar remained supported by the Federal Reserve's cautious policy outlook, adding further pressure on the cable. The combination of a dovish BoE and a relatively hawkish Fed sentiment weighed on the Pound.
Source: FXStreet Forex News