The British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing, but official figures showed the economy fared better than previously thought through the COVID-19 pandemic.
At 1026 GMT, sterling was last flat against the dollar at $1.2674, within its recent month-long trading range of $1.2548-$1.28175.
It was little changed against the euro, with the single currency last buying 85.58 pence.
British factories suffered their weakest month since early in the COVID-19 pandemic, the S&P Global/CIPS UK manufacturing Purchasing Managers' Index showed on Friday, with orders shrinking dramatically due to the rise in interest rates.
The BoE has raised its key interest rate 14 times since December 2021 to 5.25%, its highest level in 15 years.
Markets still expect another increase this month to 5.5% as underlying price pressures have been slow to fall.
Source : Reuters
