Pound Sterling plummets as two BoE members favor 50 bps interest rate cut
The Pound Sterling faces pressure against its major peers as all nine BoE MPC members favored a 25-bps reduction in interest rates to 4.5%. Soft CPI inflation data in December and weak labor demand in three months ending November boosted BoE dovish bets.
U.K. Data Are Key For Sterling Outlook After This Week’s BOE Rate Cut
Sterling was up slightly against the dollar and U.K. economic data should prove key to the British currency’s outlook after the BOE’s 25bp rate cut.
Sterling's Resilience: BoE Rate Cuts and Economic Impact
The pound regained some of its losses after the Bank of England cut interest rates and reduced its growth forecast, causing initial market volatility. Governor Andrew Bailey's reassurances partially restored confidence.
BoE rate cut sparks inflation concerns
The Bank of England (BoE) cut interest rates by 25 basis points to 4.5% yesterday, marking the lowest level since
Sterling plunges following BoE gloomy outlook and rate cut
Thursday brought a challenging outlook for UK assets as the Bank of England (BoE) presented a set of forecasts that painted a bleak picture, leading to the sterling's most significant one-day drop in four weeks. The currency's decline came despite bond yields remaining largely stable.
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 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.
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%.
Sterling hits one-month high as dollar slides; focus turns to BoE
The pound rose to its highest in a month on Wednesday as the dollar retreated further after surging two days ago on the ...
Pound Set for More Losses as BOE Flags Risks to UK Growth
Investors are positioning for more weakness in the pound after the Bank of England’s latest policy decision cemented their ...
Pound Sterling Price News and Forecast: GBP gains against USD ahead of US NFP
GBP/USD lost its traction and dropped to a multi-day low below 1.2400 on Thursday following the Bank of England's (BoE) ...
Sterling drops versus euro after biggest daily rise in months, awaits BoE
The pound edged lower against the euro on Tuesday after recording its biggest daily rise in three months a day earlier as ...
EconoTimes1d
FxWirePro: GBP/NZD moves further into bear territory as sterling slumps after BoE rate cut
GBP/NZD dropped sharply on Thursday as a dovish Bank of England rate cut heightened expectations of further cuts. The BoE cut ...
GBP/USD Weekly Outlook: Pound Sterling eyes US inflation, UK GDP data for a fresh direction
Sustained USD weakness helped the Pound Sterling build on its recovery momentum, driving GBP/USD to test the 1.2550 level – its highest point in a month. The turnaround, however, was short-lived as ...
US shares firm as tech earnings loom, BoE cut bruises sterling
U.S. shares held steady after European equities hit a record high, and gold prices were near an all-time peak as investor ...