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.

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