GBP/USD Forecast: Pound to US Dollar Exchange Rate Volatile on BoE Interest Rate Decision

May 6, 2021 - Written by John Cameron
The Pound to US Dollar (GBP/USD) exchange has been volatile today following the latest Bank of England (BoE) interest rate decision.
At the time of writing the GBP/USD pairing are trading at around $1.3897 as the US Dollar is supported by US jobless claims falling further than expected.
Pound Sterling (GBP) Exchange Rate Mixed on BoE Interest Rate Decision
The Pound has been mixed against the US Dollar for much of the day after the latest interest rate decision from the BoE.
The BoE chose to keep interest rates unchanged at 0.1%, however the bank chose to raise its growth forecasts for the UK, saying that the economy looks stronger than first expected in a report back in February.

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