BREAKING: Bank of England leaves rates unchanged, GBP surges

The Bank of England decided to hold interest rates unchanged at today’s meeting with a number of dissenters to the decision remaining at 2. The Bank cut growth outlook and said that it expects CPI to remain below target until end-2021. However, GBPUSD caught a bid after the decision was announced as there were concerns that BoE may decide to cut rates. Press conference of Governor Carney will start at 12:30 pm GMT.

GBPUSD broke out of its short-term trading range in the aftermath of decision announcement and tested resistance at 38.2% Fibo level of downward move started at the beginning of the year (1.3080). Source: xStation5

30 July 2026, 7:13 PM

Daily Summary: Equities rally on not-so-hawkish Fed and AI trade revival, Yen dominates FX, oil retreats (30.07.2026)

30 July 2026, 6:34 PM

Unexpected FX intervention? USDJPY plummets more than 2%! 🇯🇵

30 July 2026, 1:32 PM

BREAKING: US GDP below estimates! EURUSD struggles for direction!

30 July 2026, 12:53 PM

BREAKING: BoE Keeps Rates Unchanged

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