The pound steadied near 1.34 following the Bank of England’s decision to hold rates. The vote revealed deeper division than expected, with six members supporting a hold and three pushing for a 25 basis point cut, contrary to forecasts of a 7-2 split.
The BoE faces a tough balancing act as it weighs sticky inflation, geopolitical risks, and the economic drag of US tariffs.
Resistance is seen at 1.3500, while support holds at 1.3415.
The BoE faces a tough balancing act as it weighs sticky inflation, geopolitical risks, and the economic drag of US tariffs.
Resistance is seen at 1.3500, while support holds at 1.3415.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.