
Share: GBP/USD maintains its upward trajectory on a hawkish BoE tone. BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target. US New Home Sales dropped by 5.6% at 679K against the market consensus of 725K in October. GBP/USD reached its highest level since early September, touching the

GBP/USD Analysis and Charts BoE governor Bailey warns on UK inflation and growth. Sterling remains underpinned as rate cut hopes are pushed back. For all market-moving economic data and events, see the DailyFX Calendar Most Read: British Pound Latest – GBP/USD Boosted by Positive PMI Data Recommended by Nick Cawley How to Trade GBP/USD Bank
Sterling strengthened against most other currencies, after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee that there is a possibility that the bank rate will be paused at 5.25% for an extended period. Catherine Mann, a member of the Monetary Policy Committee, was also present and warned that









