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Pound Mixed Ahead Of BoE Decision
(RTTNews) - The Bank of England's monetary policy announcement is due at 8:00 am ET Thursday. The BoE is widely expected to raise its key rate by 75 basis points to 3 percent from 2.25 percent.
Ahead of the decision, the pound traded mixed against its major counterparts. While it held steady against the euro and the franc, it fell against the greenback and the yen.
The pound was worth 1.1256 against the greenback, 166.88 against the yen, 1.1406 against the franc and 0.8654 against the euro at 7:55 am ET.
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Swiss Franc Weakens Against Majors
The Swiss franc fell against its major counterparts in the New York session on Wednesday.
The franc edged down to 1.1182 against the pound and 0.8436 against the greenback, from an early high of 1.1117 and a 5-day high of 0.8324, respectively.
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The pound dropped against the U.S. dollar and the euro in the New York session on Wednesday.
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The Japanese yen strengthened against other major currencies in the European session on Wednesday.
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The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as inflation slowed more than expected in April, raising hopes of further easing by the Federal Reserve.
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The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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The Swiss franc strengthened against other major currencies in the European session on Tuesday.
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Pound Rises Against Most Majors
The pound advanced against its most major counterparts in the New York session on Monday.
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The U.S. dollar strengthened against other major currencies in the European session on Monday, after the U.S. and China struck a deal to suspend tariffs for 90 days and slash rates going forward, following negotiations in Switzerland over the weekend.
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