{
  "id": 7852048,
  "title": "Forex Today: Investors now look at the BoE",
  "url": "https://urgent.news/2026/09/16/forex-today-investors-now-look-at-the-boe",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T19:09:53.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-investors-now-look-at-the-boe-202609161909"
  },
  "original_language": "en",
  "account": "The US Dollar (USD) exhibited a positive range on Wednesday, edging ahead after the Federal Reserve (Fed) increased its Fed Funds Target Rate (FFTR) by a quarter percentage point, as expected. The US Dollar Index (DXY) reclaimed the psychological 100.00 level and beyond following the Fed's decision to raise rates to 3.75%-4.00%. Investors scrutinized the Fed's rate hike, alongside key economic indicators such as Initial Jobless Claims, Housing Starts, Building Permits, Pending Home Sales, and the Philly Fed Manufacturing Index. The EUR/USD pair slipped below the 1.1500 support zone, reaching fresh multi-week lows amid the US Dollar's robust performance post-Fed decision. The Eurozone's final Inflation Rate and the ECB's Lane's speech were slated for release. The GBP/USD pair dropped below the 1.3400 mark for the first time since late July, marking its third consecutive day of decline. The Bank of England (BoE) is anticipated to maintain its benchmark interest rate unchanged during its upcoming meeting on Thursday. USD/JPY witnessed a weekly rebound, inching closer to the 156.00 mark, or multi-day peaks. The weekly Foreign Bond Investment figures are due. AUD/USD weakened further, touching four-week lows after slipping below the 0.7100 support level. Subsequent economic data in Australia will be the preliminary Purchasing Managers' Indices (PMIs), due on September 23. West Texas Intermediate (WTI) retreated from its strong advance on Tuesday, settling in the $101.00 range due to a firmer US Dollar and a lack of geopolitical news. Gold relinquished its initial gains and entered its third day of losses, settling at $4,250 per troy ounce, or six-week troughs, following a marked uptick in the Greenback and mixed US Treasury yields across the yield curve.",
  "summary": "The US Dollar (USD) has navigated a positive range on Wednesday, gathering extra pace after the Federal Reserve (Fed) hiked its Fed Funds Target Rate (FFTR) by a quarter percentage point, as widely anticipated.",
  "key_points": [
    "Federal Reserve raises US interest rates to 3.75%-4.00%",
    "GBP/USD pair drops below 1.3400 for first time since late July",
    "Bank of England expected to keep interest rates unchanged at Thursday meeting"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}