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fxJun 18, 2026, 7:00 AM

British Pound Holds Near Two-Month Low Ahead of BoE Decision

The British Pound trims losses against the US Dollar on Thursday but remains near a two-month low as traders await the Bank of England's monetary policy decision.

GBPUSD

The British Pound (GBP) has pared some of its recent losses against the US Dollar (USD) on Thursday, yet it continues to trade close to the two-month low touched earlier in the week.

Investors are now focused on the upcoming Bank of England (BoE) decision, which is expected to provide clarity on the central bank's policy stance. The GBP's recovery remains tentative as uncertainty over the BoE's next move keeps the currency under pressure.

Market participants will closely watch the BoE's statement and any forward guidance for signals on future rate changes.

Source: FXStreet Forex News