GBP/USD surges during the North American session on Thursday after the Bank of England (BoE) held rates unchanged, citing high inflationary pressures spurred by the Middle East war. At the time of writing, the pair trades at 1.3356, up 0.76%.
GBP/USD surges during the North American session on Thursday after the Bank of England (BoE) held rates unchanged, citing high inflationary pressures spurred by the Middle East war. At the time of writing, the pair trades at 1.3356, up 0.76%.
Nordea’s Chief Analyst Jan von Gerich says the European Central Bank (ECB) kept rates unchanged but signalled greater readiness to tighten if higher energy prices feed into broader inflation.
Rabobank’s Senior Macro Strategist Stefan Koopman notes that the Bank of England (BoE) kept Bank Rate at 3.75% but adopted a distinctly hawkish tone as a renewed energy shock lifts inflation projections.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the March policy meeting and responds to questions from the press.
TD Securities strategists note that a more hawkish Bank of England (BoE), including removal of its easing bias and discussion of potential hikes, produced only modest Pound (GBP) gains versus the Dollar (USD).
AUD/USD trades around 0.7050 on Thursday, up 0.34% on the day, supported by the resilience of the Australian Dollar (AUD) following the release of Australia’s employment data.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the March policy meeting and responds to questions from the press.
HSBC strategists Jose Rasco and Michael Zervos say the Federal Reserve kept the funds rate at 3.50%-3.75% and signalled a clear wait-and-see stance.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the March policy meeting and responds to questions from the press.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the March policy meeting and responds to questions from the press.