The Pound US Dollar (GBP/USD) exchange rate has risen following the Bank of England’s latest interest rate decision. The Bank of England’s decision to keep interest rates steady has boosted the value of the Pound against the US Dollar. Traders are optimistic about the UK economy as the central bank maintains its current monetary policy. This news has led to an increase in demand for the Pound, pushing the GBP/USD exchange rate higher. Investors will be keeping a close eye on any future developments that may impact the exchange rate between these two currencies.
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