Dollar edges up, sterling falls ahead of Bank of England meet
The dollar edged up on Thursday, but stayed close to recent lows, as traders weighed receding trade war risks and looked ahead to Friday's key U.S. data, while sterling dipped ahead of the Bank of England's policy decision.
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Pound sliding ahead of Bank of England decision
The British pound was seeing notable pressure Thursday ahead of a Bank of England decision where expectations are for a quarter-point rate cut. Vanguard senior economist Shaan Raithatha said his firm expects cuts every quarter to bring the bank rate,
Yen hits 8-week high, sterling drops after Bank of England rate 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 cut rates.
Sterling Falls Ahead of BOE Rate Decision
Sterling falls as investors exercise caution ahead of the Bank of England’s interest-rate decision at 1200 GMT. The market is pricing in a 94% chance of the BOE cutting rates by 25 basis points, according to LSEG.
The Bank of England Is Expected to Cut Rates to 4.5%
Good morning. The Bank of England is expected to cut interest rates today. US Treasury Secretary Scott Bessent is focused on lowering yields, not rates. And Man City’s trouble is spreading from the pitch to politics.
Sterling drops ahead of Bank of England rate decision
Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England's meeting, at which the central bank is widely expected to cut interest rates.
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