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Pound Drops After BoE Decision
(RTTNews) - The Bank of England hiked its key rate by 25 basis points to 1.25 percent from 1 percent, as expected. Following the decision, the pound fell against its major counterparts.
The pound was trading at 1.2088 against the greenback, 161.01 against the yen, 1.1875 against the franc and 0.8603 against the euro around 7:04 am ET.
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Pound Slides As UK Bond Yield Soars
The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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Yen Rises As BoJ Keeps Rate Unchanged
The Japanese yen strengthened against other major currencies in the Asian session on Friday, after the Bank of Japan retained its key interest rate, as widely expected amid heightened political uncertainty.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday.
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U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday, as traders have already factored in a rate cut by the US Fed as a "certainty."
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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Pound Rises: Traders Await BoE Monetary Policy Decision
The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.
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