The British Pound heads into month end with momentum owing to a decision by the Bank of England to keep interest rates unchanged, but analysts at a number of investment banks we follow say further strength is unlikely.

February 4,2020

The Bank of England opted to cut interest rates at their January 30 meeting which was the most uncertain meeting of recent years, with markets heading into the event viewing a 50/50 chance of a rate cut.

February 4,2020

The Pound was treading water against major rivals ahead of a knife-edge Bank of England (BoE) interest rate decision that's got analyst opinion divided on the outlook for Sterling over the coming weeks.

January 30,2020

Key to the British Pound's near-term outlook will be the outcome of the midday interest rate decision announced at the Bank of England, an outcome which is too close to call and therefore offers the potential for heightened currency volatility.

January 30,2020

The British Pound is the worst performing major currency of the past 24 hours as foreign exchange traders reduce exposure to the currency ahead of a too-close-to-call decision on interest rates at the Bank of England due on Thursday.

February 4,2020

The odds of volatility on the day are therefore elevated and under such circumstances it is clear that the risk-reward dynamics of buying or selling Sterling at this juncture is unfavourable.

February 4,2020