The pound rose directly after the Bank of England's decision to raise interest rates for the second time since the global financial crisis, while noting that it is not in a hurry to further tighten policy. The decision to raise rates was by unanimous vote to be raised to 0.75%.
The GBPUSD jumped near its daily high of 1.3128 before falling sharply to 1.3015, its lowest level since July 20, during the press conference by Mark Carney, Governor of the Bank of England. It will now depend on Brexit for the pound.
The Fed kept interest rates unchanged at 2% yesterday, while continuing to see a gradual rate hike continue to be consistent with continued economic growth. The dollar index has risen around 0.60% since yesterday, hitting its highest level since July 19 at 95.06.
