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UK interest rate and British Pound

The British Pound (GBP) continues to climb, reaching 1.2480 during Thursday's European trading.

This rise in the GBP/USD pair is fueled by a significant decline in the US Dollar and growing anticipation that the Bank of England (BoE) will postpone any rate cuts until the November session. Similar to the Federal Reserve (Fed), the BoE is anticipated to delay its rate adjustments, easing concerns about policy differences between the two central banks.


Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company. 

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