Bank of England Gives Pound a Nice Boost

Special report: BOE Preview – Just How Hawkish?

The Bank of England policy decision is due in just a bit and the market will be paying close attention. Interestingly, or perhaps maybe fittingly, the Cable rate is trading around where we opened the week, after rallying up to a fresh 2017 high on Wednesday.

Next 24 hours: Bank of England Gives Pound a Nice Boost

The Thursday focus was on the Pound and the currency didn't let the market down. Initially, the UK currency traded lower on the back of broad-based US Dollar demand and profit taking ahead of the BOE risk. But the decidedly more hawkish BOE tone propelled the Cable rate to yet another fresh 2017 high.

Global FX Insights Next 24 hours   LMAX Exchange  

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