Day: May 8, 2024

Pound Sterling Under Pressure Before BoE Decision

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The Pound Sterling (GBP) weakens against the US Dollar (USD) on Wednesday, extending its recent downtrend. The USD remains the dominant currency as investors await the Bank of England’s (BoE) crucial policy decision on Thursday. The near-term direction of the Pound hinges on the BoE’s policy announcement and its impact on future interest rate expectations.

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