Pound Slumps as BoE Hits Pause, US Dollar Supported by Hawkish Fed
The pound tumbled to new multi-month lows this week, after the Bank of England (BoE) surprised markets by leaving interest rates on hold. While the Federal Reserve also hit pause this week, its hawkish forward guidance allowed the US Dollar to strengthen. Pound Nosedives as BoE Leaves Rates Untouched GBP/EUR – Down one cent on … Read more Pound Slumps as BoE Hits Pause, US Dollar Supported by Hawkish Fed