DailyBubble News
DailyBubble News

Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric – Currency News

The Pound Sterling faced losses against the Euro and US Dollar today as Bank of England Governor Andrew Bailey’s cautious statements weighed on the currency. Bailey’s dovish rhetoric led to a slide in the GBP/EUR and GBP/USD exchange rates. Traders reacted to the uncertainty by selling off their Pound Sterling holdings. The market will continue to monitor the BoE’s future statements for any clues on the direction of monetary policy.

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