Pound Sterling Price News and Forecast: GBP/USD surges on BoE hawkish hold, Yen intervention crushes USD

Source Summary

The Pound Sterling registers gains versus the US Dollar after the Bank of England decided to hold rates unchanged, in a 6-3 vote, while suspected intervention to propel the Japanese Yen weakened the Greenback against most G8 currencies. The GBP/USD trades at 1.3430, up 0.40%. Read More...