- GBP/USD has printed a fresh annual high at 1.2830 as BoE policymakers are gearing up for a fresh rate hike.
- Investors should understand that the Fed has skipped an interest rate hike for now and the policy-tightening spell is not concluded yet.
- The Pound Sterling is on the seventh cloud as discussions about a pause in the rate-hike regime by the BoE are far from over.
The GBP/USD pair has printed a fresh annual high at 1.2830 in the early American session. The Cable has shown resilience as the Bank of England (BoE) is expected to raise interest rates further to sharpen its quantitative tools in the battle against United Kingdom’s stubborn inflation.
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