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Today's cryptocurrency analysis on behalf of Rania Gule market analyst at XS.com

25-03-2024

During today's Friday trading, the GBP/USD pair oscillates around the 1.2602 level after a significant downward wave. The Bank of England (BoE) has yet to find strong reasons to lower interest rates, indicating its intention to maintain high-interest rates for a longer period to support continued moderate decline toward the central bank's targeted inflation level. I believe that the Bank of England's monetary policy remains constrained.