XE Market Analysis: British Pound Surges as Bank of England Warns of Rate Hike

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OVERVIEW

  • Pound jumps as BoE hold rates, but turns more hawkish as housing survey improves.
  • The US Dollar fails to hold gains after stronger inflation data. 
  • The Swiss Franc is weaker despite central bank saying currency less overvalued.
  • The Australian Dollar dips despite very strong jobs data.
  • Japanese Yen strengthens after North Korea threatens to sink Japan and annihilate the US.
  • ECB board member says they need more time before deciding to cut stimulus.
  • Turkish central bank keeps rates on hold.