BoE Leaves Rates Unchanged Amid Global Energy Crisis

The Bank of England left interest rates unchanged at 3.75% on Thursday, as expected.

However, three members expressed support for a rate hike in response to ongoing global energy crisis and its impact on inflationary pressures.

The gold market saw little reaction to the latest central bank decision, with spot gold trading near critical support levels but not experiencing significant volatility.

Gold's price action against the pound is in line with the broader market trend, with spot gold last trading at £3,049.14 an ounce, up 0.25% on the day.