020 7898 0500The GBP and USD pair varied by over a cent during the course of yesterday. The pair spiked but fell short below 1.2800 after an unexpected BoE vote of 5-3 to leave interest rates on hold, indicating eroding tolerance for above-target inflation.
On the other end, the US dollar’s strgtehning was led by a hawkish Fed policy outlook and better-than-expected jobless claims data.
Today we have building permit data out from the US, which is forecasted to come in at 1.25 million.
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