BOE Pauses Rates Hikes, GBPUSD Trades Below 1.2300 Under Heavy Selling Pressure

The Bank of England (BoE) has decided to hold its main interest rate at 5.25%, effectively pausing after 14 consecutive rate hikes. This decision has led to a weakening pound, with the currency last seen down around 0.8% against the dollar. The decision to freeze interest rates has ended a run of 14 straight hikes, … Continue reading BOE Pauses Rates Hikes, GBPUSD Trades Below 1.2300 Under Heavy Selling Pressure