Day: May 7, 2024

Pound Sterling Holds Steady Before BoE Decision

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The Pound Sterling (GBP) trades in a narrow range against the US Dollar (USD) at 1.2556, ahead of the Bank of England’s (BoE) crucial policy decision on Thursday. Technical Analysis: Awaiting Direction The GBP/USD’s near-term direction hinges on the BoE’s policy stance and its impact on future interest rate expectations.

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