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Dollar Slides as Bank of England Hikes Rates to 4.00%: EUR/USD Near 1.1260, Gold Holds Above $4,100
The US dollar kept sliding on Thursday as the Bank of England raised interest rates to 4.00% — its first hike since August 2023 — and the post-midterm dollar sell-off rolled into a second day. The dollar index fell toward 101.25, its lowest since September 30, while the euro, the pound and gold all pushed higher. The Bank of England's decision, taken by an 8-to-1 vote, lifted its...
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