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Wednesday’s Bank of England meeting minutes might have caused the Pound Sterling to come off recent highs, but GBP later rallied to its strongest level against the US Dollar (USD) and Euro exchange rates for almost five years in response to the Federal Open Market Committee’s policy decision.
Exchange Rates UK - The advice provided on this website is general advice only and does not constitute as a financial recommendation.
All data shown, such as that of the Pound Sterling, dollar or euro exchange rates are indicative of interbank rate and should only be used as an indication of market movement.
The British Sterling (GBP) initially remained under pressure in early trading on Thursday with the Dollar and Euro to Pound currency pairings hitting the best exchange rates seen in the last four months.

ExchangeRatesUK will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. There was solid buying support on dips with markets still anticipating a UK rate hike before most of G-7 central banks. Markets will be waiting for any official comments from MPC officials, as the debate on the timing of the rate increase will surely intensify. ECB member Nowotny stated that inflation was very low and that the ECB policy action would be instrumental in helping to push the Euro lower with dovish rhetoric from the bank continuing.

Forecasts once again remain focused on the speculation of the Bank of England's interest rate adjustment.

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13.11.2014 | Author: admin

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