GBP/USDstrengthened on Thursday after the Bank of England kept rates on hold as widely expected and extended its bond reduction plan for another year. The Bank of England kept rates steady at 5%, as anticipated.

The GBP/USD exchange rate is bracing for volatility as the UK releases the August inflation report ahead of the Federal Reserve and Bank of England (BoE) interest rate decisions. It was trading at 1.3165 on Wednesday,

GBP/USD climbed on Wednesday after the Fed cut rates by 50 basis points, citing greater confidence that inflation will continue to trend toward its 2% annual target. Half a percentage point rate cut decision

Fed’s policy hints spark speculation over USD trend reversal. Read our GBP/USD and EUR/USD forecast to stay ahead of key market shifts.

The GBP/USD outlook shows solid bullish momentum after a supersized Fed rate cut and a pause by the Bank of England.

Recent trades have seen the British Pound rise to near $1.33, its strongest level since February 2022, benefiting from the general weakn

GBP/USD has a fresh 30-month high in the bag after Fed rate cut. BoE rate call is in the barrel for Thursday, but no moves are expected. UK Retail Sales set to wrap up the week on Friday. GBP/USD hit a fresh 30-month high on Wednesday,

The GBP/USD forecast points to bullish optimism after UK services inflation data came in higher than expected.