Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Hawkish BOE Prompts a Sterling Surge

Hawkish BOE Prompts a Sterling Surge

Jeremy Naylor, Contributor

After a hawkish report and rate decision from the Bank of England, sterling has taken a bit of a lift against a basket of currencies. Here, Jeremy Naylor looks at EUR/GBP and GBP/USD to illustrate the move up in the pound.

The BoE announced that, of the nine members on the Monetary Policy Committee, two voted in favour of a rate rise immediately while the other seven contributed to the statement that the UK central bank should begin looking at the possibility of raising rates sometime in the 'coming months'.

If you're interested in a strategy session, check out the DailyFX Webinar Page.

--- Written by Jeremy Naylor, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES