{"id":270702,"date":"2024-03-24T08:01:20","date_gmt":"2024-03-24T02:31:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=270702"},"modified":"2024-03-24T08:01:20","modified_gmt":"2024-03-24T02:31:20","slug":"pound-sterling-weakens-as-boe-turns-slightly-dovish-on-interest-rates-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pound-sterling-weakens-as-boe-turns-slightly-dovish-on-interest-rates-crypto-news\/","title":{"rendered":"Pound Sterling weakens as BoE turns slightly dovish on interest rates &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<h2 class=\"fxs_headline_medium\">Pound Sterling weakens as BoE turns slightly dovish on interest rates<\/h2>\n<div>The Pound Sterling (GBP) remains vulnerable against the US Dollar in Friday\u2019s early New York\u00a0session as the market sentiment is quite bearish.\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The GBP\/USD pair<\/a>\u00a0fails to find support as increasing expectations that the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">Bank of England<\/a>\u00a0(BoE) will cut interest rates this year outweigh February\u00a0Retail Sales data, which\u00a0broadly beat\u00a0market\u00a0expectations. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-weakens-on-dismal-market-sentiment-higher-prospects-of-boe-rate-cut-202403220745\">Read More&#8230;<\/a><\/div>\n<div><\/div>\n<p><h2 class=\"fxs_headline_medium\">UK Retail Sales arrived at 0% MoM in February vs. -0.3% expected<\/h2>\n<\/p>\n<div>The UK\u00a0Retail Sales showed no growth over the month in February vs. -0.3% expected and 3.6% registered in January, according to the latest data published by the Office for National Statistics (ONS) on Friday. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/uk-retail-sales-arrived-at-0-mom-in-february-vs-03-expected-202403220702\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<p><h2 class=\"fxs_headline_medium\">GBP\/USD remains under selling pressure above the mid-1.2700s, UK Retail Sales data eyed<\/h2>\n<\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">The GBP\/USD pair<\/a>\u00a0faces rejection near the 1.2700 mark and holds above the mid-1.2700s during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar (USD) and the dovish tilt of the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">Bank of England<\/a>\u00a0(BoE). Investors await the UK Retail Sales for fresh impetus, which is expected to fall 0.3% in February. GBP\/USD currently trades near 1.2658, down 0.02% on the day. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-remains-under-selling-pressure-above-the-mid-12700s-uk-retail-sales-data-eyed-202403212303\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pound Sterling weakens as BoE turns slightly dovish on interest rates The Pound Sterling (GBP) remains vulnerable against the US Dollar in Friday\u2019s early New York\u00a0session as the market sentiment is quite bearish.\u00a0The GBP\/USD pair\u00a0fails to find support as increasing expectations that the\u00a0Bank of England\u00a0(BoE) will cut interest rates this year outweigh February\u00a0Retail Sales data, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,712,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-270702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boe","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=270702"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270702\/revisions"}],"predecessor-version":[{"id":270703,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/270702\/revisions\/270703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34678"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=270702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=270702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=270702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}