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Forex

GBP/USD Sensitive Ahead of BoE Decision

Guavy AI Editorial Team
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EUR USD GBP
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The British Pound (GBP) is experiencing significant pressure against the US Dollar (USD), trading at 1.3378 in early European sessions on Thursday.

This comes after the Federal Reserve's monetary policy announcement, where the USD outperformed.

The Bank of England (BoE) is set to announce its monetary policy decision at 11:00 GMT, and strategists at Brown Brothers Harriman expect it to maintain the status quo with a 3.75% interest rate for the sixth straight meeting.

Ahead of the BoE's announcement, market reaction will likely be driven by inflation and monetary policy outlook, rather than a change in interest rates.

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