GBP/USD retreats as BoE hawkish pivot faces resilient US Dollar

GBP/USD retreats as BoE hawkish pivot faces resilient US Dollar

GBP/USD retreats on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day, after Thursday’s strong rally following the Bank of England (BoE) decision. The corrective move comes as the US Dollar (USD) regains some traction, despite a broader backdrop shaped by a hawkish repricing of global monetary policy. The Bank […]

BoE repricing lifts Pound but risks loom – MUFG

BoE repricing lifts Pound but risks loom – MUFG

MUFG’s Derek Halpenny highlights that the Bank of England’s unanimous hold and sharp front-end repricing have driven a notable rise in UK yields, supporting the Pound. He judges the rates move as somewhat overdone and warns that a worsening Middle East situation and higher energy prices could hit equities, reverse some tightening and erode GBP […]