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Turkish Lira Pares Gain As Central Bank Leaves Interest Rates Unchanged

The Turkish lira is struggling for direction on Thursday as the central bank unexpectedly left interest rates unchanged for the first time in a year. Policymakers are ostensibly concerned about ballooning inflation, while analysts are worried about depleting foreign exchange reserves. The lira had bounced initially on the news before trimming its gains, leaving many to wonder where the currency is headed.

Pound Falls After BoE Fails to Deliver Adequate Stimulus Measures

The Sterling pound today spiked higher shortly after the Bank of England left its lending rate unchanged and increased its stimulus program by £100 billion as expected. However, the GBP/USD currency pair’s rally was short-lived as the pair quickly headed lower as investor risk appetite faded in the face of rising coronavirus infections globally.

Pound Spikes Higher on BoE Rate Decision, Retreats on Dovishness

The Sterling pound today spiked to new daily highs after the Bank of England announced its monetary policy decisions early in the London session. The GBP/USD currency pair later gave up most of its gains as investors digested the BoE’s seemingly dovish stance on the economy amid calls for more stimulus.

Pound Rallies on Upbeat Sentiment and Hawkish BoE Rate Decision

The Sterling pound today rallied higher against the US dollar driven by the dominant risk-off market sentiment, which triggered a sell-off in the greenback. The GBP/USD currency pair today rallied higher as investors reacted to the Bank of England‘s latest monetary policy decisions.

Sterling Pound Spikes to 3-Day Highs on Hawkish BoE Rate Decision

The sterling pound today spiked to its daily highs following the announcement of the Bank of England‘s interest rate decision, which was as expected. The GBP/USD currency pair rallied from its daily lows as investors interpreted the BoE’s decision as being hawkish.

Pound Falls on BoE Rate Cut Fears, Despite Positive UK Flash PMIs

The Sterling pound today succumbed to pressure and fell from its daily highs despite the release of upbeat UK flash PMIs by Markit Economics in the early London session. The GBP/USD currency pair spiked higher briefly before falling as investors fear a rate cut by the Bank of England at their monetary policy meeting next week.

Pound Falls on Disappointing UK Inflation Report and BoE Comments

The sterling pound today fell to new daily lows against the US dollar following the release of disappointing UK inflation data in the early London session. The GBP/USD currency pair’s decline was also fueled by dovish comments from a Bank of England policymaker increasing the likelihood of future rate cuts.

Pound Rallies on Brexit Bill Passage, Later Falls on Dovish BoE Stance

The pound today rallied briefly against the US dollar during the Asian session after the UK Parliament approved the government’s Brexit withdrawal Bill last night. The GBP/USD currency pair’s rally was short-lived as it later fell in the early London session as after the European Union announced a series of meetings to discuss Brexit.

Pound Falls to 2.5-Year Lows, Ignores BoE and Rallies on USD Weakness

The British pound today fell to 2.5-year lows against the much stronger US dollar, which was boosted by yesterday’s FOMC rate decision. The GBP/USD currency pair was barely affected by the Bank of England‘s interest rate decision before rallying higher later driven by the weak greenback.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

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