Sterling holds near $1.35 ahead of BoE policy decision
The pound traded around $1.35 as investors weighed stronger UK GDP data and looked to next week’s Bank of England decision.
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Sterling rises near $1.352 after stronger UK GDP
The pound edged higher to around $1.352 following stronger-than-expected UK GDP and increased expectations for further Bank of England rate hikes.
BOE’s Bailey: UK growth stronger than expected
BOE’s Bailey said economic growth has been stronger than expected, with the economy surprisingly resilient even if growth is slow by historical standards.
com Asia Market Update: Market impact of Middle East weekend kinetic activity blunted by Qatar talks tomorrow; ECB’s Sintra Forum starts, wi
***General Trend and Developments*** -Crude oil looked to be heading towards a higher open and US equity FUTs a lower open, until 20 minutes before the Monday reopenings, when Axios reported that the US and Iran would halt strikes and meet tomorrow in Doha, Qatar. -Oil ended up only opening modestly higher by US armed