The Bank of England (BoE) has decided to keep its interest rate at the highest level in 15 years, at 5.25%. This marks the 15th consecutive interest rate hold since December 2021. In contrast, this move has once again weakened the British Pound (GBP) when compared to the US Dollar.

Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, believes that the interest rate should be raised again this year. He emphasized that "interest rates in the United States need to be slightly higher and kept at a sufficient level for a while to ease concerns."

The chairs of the Federal Reserve in Boston and San Francisco, Suzanne Collins and Mary Daly, emphasized that even though inflation has slowed down, interest rates in the future are expected to rise to prevent inflation from occurring again.

Investors are still awaiting various data, including consumer confidence in September, new home sales due on Tuesday, and the United Kingdom's Gross Domestic Product (GDP) for the second quarter and the Personal Consumption Expenditure (PCE) price index for the United States, which will be released on Friday.