- The Pound Sterling falls further to near 1.3470 against the US Dollar after BoE Mann’s comments.
- BoE’s Mann warns of rising jobless rate and praises January inflation data.
- FOMC Minutes showed that officials see no rush for interest rate cuts.
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January.
- British Pound rallies as Starmer exit is expected to end political uncertainty
- Euro slips against British Pound after UK Prime Minister Starmer steps down
- Gold slumps to one-week low; $4,100 back in sight amid Fed hike bets and bullish USD
- Euro: Range holds with downside bias to 1.1200 – Societe Generale.
- The Euro already hiked; now it waits on Warsh
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