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Pound Climbs After BoE Decision
(RTTNews) - As expected, the Bank of England kept the bank rate unchanged at 5.25 percent. Following the decision, the pound firmed against its major counterparts.
The pound was trading at 1.2215 against the greenback, 183.59 against the yen, 1.1045 against the franc and 0.8710 against the euro around 8:05 am ET.
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Pound Rises As UK Inflation Hits 18-Month High
The British pound strengthened against other major currencies in the European session on Wednesday, as the UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
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The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.
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Yen Rises Amid BoJ Rate Hike Speculation
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
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U.S. Dollar Advances Against Most Majors
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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Swiss Franc Rises Despite Russia-Ukraine Peace Deal Hopes
The safe-haven Swiss franc strengthened against other major currencies in the European session on Tuesday, despite expectations for a peace agreement between Russia and Ukraine.
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Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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