The GBPUSD exchange rate, currently at 1.23955, could potentially decrease further if the Bank of England decides to halt its actions. In this scenario, the value of the pound could fall below the previous low point in May, which was slightly above 1.2300, according to ING.
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On a trade-weighted basis, Sterling has had a good year. Economists at ING analyze GBP outlook ahead of Bank of England’s meeting on Thursday.
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