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    GBP/USD edges higher to near 1.2600 ahead of BoE rate decision

    Author AvatarBy George Brooks No Comments 7 Mins Read
    • GBP/USD receives support as the Bank of England is widely expected to keep interest rates unchanged on Thursday.
    • The Pound Sterling depreciated more than 1% against the US Dollar following the Fed’s decision on Wednesday.
    • The ‘dot plot,’ indicated only two rate cuts by the Fed in 2025, a reduction from four projected in September.

    GBP/USD gains ground after declining more than 1% following the Federal Reserve’s (Fed) hawkish cut on Wednesday, trading around 1.2590 during the Asian hours on Thursday. The Pound Sterling (GBP) gains upward support as the Bank of England (BoE) is anticipated to keep

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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