- 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.
- Euro extends decline against British Pound on France debt concerns
- Gold struggles as dovish Fed repricing meets stronger US Dollar, elevated yields
- Euro: Fiscal risks cap upside against British Pound.
- Gold Price Forecast: XAU/USD languishes below $4,200 amid high US yields
- Gold extends range play below $4,200; looks to US NFP for fresh impetus
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