Business · 29 July 2026
Pound sits near a four-week low before Thursday's Bank of England meeting
Image by denisgrishyn on Freepik
The currency levelled out at about $1.33 on Wednesday while traders waited for central bank policy updates. Analysts expect the Bank of England to leave borrowing costs unchanged, even after oil prices jumped over 4% following fresh military strikes in the Middle East. Markets are also watching Andy Burnham, Britain's seventh prime minister in ten years, who promised to follow his predecessors' spending rules.
Reported by Reuters · How we write briefs