BoE less hawkish than expected

The pound’s initial reaction was lower in response to the Bank of England’s latest policy decision. Here is why:

Infographic of Bank of England's findings around key warning signs with interest rates. Published in June 2019 by FOREX.com

This is how the pound reacted against the dollar, giving back some post-FOMC gains.

Chart comparing the performance of GBP/USD over days and 60 mins. Published in June 2019 by FOREX.com

Source: Trading View and FOREX.com

 

Related tags: Forex GBP BOE Bank of England

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