BoE postpones September rate decision to September 22

The Bank of England (BoE) announced on Friday that they postponed the interest rate announcement by a week to September 22 from September 15, as reported by Reuters.

No additional details had been shared yet on the matter.

Market reaction

With the initial market reaction, the British pound seems to have lost some interest. As of writing, the GBP/USD pair, which touched a daily high of 1.1650 earlier in the day, was trading at 1.1590, where it was still up 0.8% on a daily basis.