As expected, the Bank of England raised its key rate by 50 basis points to 1.75 percent from 1.25 percent. Following the decision, the pound weakened against its major counterparts.

The pound was trading at 162.95 against the yen, 1.2134 against the greenback, 0.8391 against the euro and 1.1642 against the franc around 7:04 am ET.

Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Sterling vs US Dollar
Grafico Cross Sterling vs US Dollar (FX:GBPUSD)

Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Sterling vs US Dollar