TD says the Bank of England has left GBP with not a lot to chew on ...Middle East

BOE leaves bank rate unchanged at 4.25%, as expected

BOE's Lombardelli: Services inflation is proving quite sticky

“There isn’t a lot for sterling to chew on besides the marginally dovish vote.”

However, TD notes that central banks are currently overshadowed by broader geopolitical and macroeconomic forces, especially amid heightened concerns the U.S. may be preparing to strike Iran.

“That means the dollar is a tide that lifts or sinks all boats so not much to get excited here for sterling on the BOE.” This article was written by Eamonn Sheridan at www.forexlive.com.

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