GBP/USD remains firm above 1.2300 after BoE hikes rates – by pabspiovano GBPUSD Currencies Majors BOE InterestRate
GBP/USD recedes from earlier tops near 1.2340 and revisits the 1.2300 neighbourhood after the BoE raised the policy rate by 25 bps to 4.25%, as widely expected on Thursday. The vote to hike rates was 7-2, with members Tenreyro and Dhingra favouring an unchanged stance.
Regarding the recent effervescence in the banking sector, the Financial Policy Committee stressed that the UK banking system remains resilient and maintained robust capital and strongAs of writing, the pair is gaining 0.40% at 1.2312 and the breakout of 1.2343 would open the door to 1.2447 and then 1.2666 . On the other hand, the next support aligns at 1.2146 followed by 1.2082 and finally 1.2010 .
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