Breaking: GBP/USD spikes to 1.1050 on reports of BOE extending bond-buying – by FXstreetNews Breaking GBPUSD BOE Bonds Currencies
GBP/USD has changed its course and jumped beyond 1.1000, in a knee-jerk reaction to a Financial Times report, citing that the Bank of England signalled privately to bankers it may extend bond-buying.
However, the latest report renewed speculation of the UK central bank intervention to support the local currency, which put a fresh bid under the major, propelling it one big figure from 1.0945 levels to 1.1049. Cable was last seen trading at 1.1008, quickly retreating but still adding 0.40% on the day.
Uncertainty around the UK monetary policy continues to keep GBP sellers alive and kicking, limiting any upside attempts in the currency pair. Attention now turns towards theGBP/USD: 15-minutes chart If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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