Bank of England cuts rates by 25 bps, as expected
The Bank of England cuts interest rates by 25 basis points for the third time in the current cycle, with inflation concerns lingering.
Sterling Extends Losses After BOE Cuts Rates
Sterling was weaker against the dollar after the BOE cut interest rates by 25bp, a decision that was widely expected, but two members preferred a 50 basis-point reduction, which analysts hadn’t anticipated.
GBP/USD plummets as BoE cut rates unanimously
The Pound Sterling fell during Thursday’s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the GBP/USD tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405.
British Pound slides from one month high as Bank of England expected to cut rates further
British Pound has slipped today as a corrective moves is being witnessed in the currency ahead of the monetary policy announcement from the Bank of England (BOE). The BoE is expected to cut its benchmark rate by a quarter-point to 4.
Pound slides on BoE rate cut as investors fret about 'stagflation'
By Harry Robertson, Naomi Rovnick and Greta Rosen Fondahn (Reuters) -Investors grappled with a gloomy set of Bank of England forecasts on Thursday that complicate the outlook for UK assets, with sterling set for its biggest one-day fall in four weeks even as bond yields held broadly steady.
BOE-Fed Divergence Could Hold Back Sterling
Sterling fell against the dollar and its appreciation potential looks limited after the BOE cut rates by 25bp to 4.5%.
BOE Expected to Cut Interest Rates. Why That’s Good for the Dollar.
Investors are pricing in a 97% chance that the U.K. central bank lowers its key rate to 4.5% from 4.75% on Thursday.
Yen hits 8-week high; sterling drops after BoE cut
The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England eased policy.
Sterling Could Fall if BOE Signals More Rate Cuts Than Market Expects
Sterling rose to a four-week high against the dollar, but could fall if the BOE cuts rates on Thursday and indicates it could ease monetary policy by more than the market expects.
GBP/JPY dives to near 188.40 as all BoE members support 25-bps interest rate reduction
The GBP/JPY pair faces an intense sell-off and dives vertically to near 188.40 in Thursday’s North American session, the ...
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