Knife-edge BoE decision this week keeps sterling in check

[anchadian]

Currently pounds sterling/Baht  45.77

 

July 30 (Reuters) - The pound held steady against the dollar on Tuesday as investors looked to the Bank of England's (BoE) interest rate decision later in the week and assessed the fallout of spending cuts announced by the new British finance minister

 

Sterling traded down 0.05% at $1.2854, after having touched a near three-week low of $1.2807 against the dollar in the prior session.

 

The euro gained 0.17% against the pound to 84.27 pence, with the common currency helped by data showing the euro zone's economy grew slightly more than expected in the three months to June.

 

https://www.reuters.com/markets/currencies/knife-edge-boe-decision-this-week-keeps-sterling-check-2024-07-30/