Pound Sterling plummets as two BoE members favor 50 bps interest rate cut
The Pound Sterling stabilizes against its major peers, except safe-haven assets, ahead of the BoE’s monetary policy on Thursday. Investors await the US NFP data, which will influence expectations for the Fed’s monetary policy outlook.
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Sterling was set for its biggest one-day fall since early January on Thursday, after the Bank of England (BoE) cut interest ...
The Bank of England cut its base rate to 4.5% amid easing inflation but flagged lingering risks. GDP growth remains weak, and ...
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The pound rose to its highest in a month on Wednesday as the dollar retreated further after surging two days ago on the ...
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 ...
The Pound Sterling struggles to extend its upside above the intraday high of 1.2550 against the USD due to the upbeat US ADP ...
Sterling fell against the dollar and its appreciation potential looks limited after the BOE cut rates by 25bp to 4.5%.
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