Sterling holds steady ahead of BoE rate decision
The pound remained steady against the dollar and euro on Monday as investor focus shifted toward an expected Bank of England interest rate hike. Markets anticipate tightening action following persistent energy price pressures driven by the conflict in the Middle East.
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Xurve View
The pound held steady on Monday as investors shifted focus from the United Kingdom budget to an expected Bank of England rate hike. GBP/USD traded slightly higher at $1.3417, while EUR/GBP dipped to 83.53 pence.
