GBP/USD Hits Two-Week High as Markets Reassess the Bank of England’s Stance

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GBP/USD rose to 1.3552 on Thursday, reaching its highest level since 29 August. The pound strengthened despite oil prices rising above 100 USD per barrel and a further escalation in Middle East tensions. The main source of support for sterling remains a reassessment of the Bank of England’s monetary policy outlook. Investors do not expect […]The post GBP/USD Hits Two-Week High as Markets Reassess the Bank of England’s Stance appeared first on ActionForex.