Yesterday, the Bank of England (BOE) left interest rates unchanged, but the decision was extremely close, with a vote of 5-4 (it was expected to be 6-3).
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $60.04 per barrel, up from Thursday’s close at $59.40.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.33 price posted on Thursday, and trading at $63.97.
The EUR/GBP cross trades with mild gains around 0.8790 during the early European session. The dovish pause from the Bank of England (BoE) weighs on the Pound Sterling (GBP) against the Euro (EUR).