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fxJun 18, 2026, 11:25 AM

GBP/USD Hits Two-Month Low Below 1.3220 After BoE Holds Rates

The British Pound fell to a fresh two-month low near 1.3200 against the US Dollar after the Bank of England left interest rates unchanged.

GBPUSD

The British Pound (GBP) continued to weaken against the US Dollar (USD) on Thursday, with the GBP/USD pair sliding to fresh two-month lows near 1.3200.

The move came after the Bank of England (BoE) announced its decision to hold interest rates steady, disappointing expectations for a more hawkish stance. The pair briefly dipped below the 1.3220 handle before stabilizing.

Traders are now focusing on further policy guidance from the BoE and upcoming US data for directional cues.

Source: FXStreet Forex News