
- The Pound Sterling drops after the BoE left borrowing rates steady at 4.75%.
- UK inflation has accelerated in the past two months, supporting the BoE’s decision to keep interest rates steady.
- The Fed cut interest rates by 25 basis points to 4.25%-4.50% but delivered hawkish guidance for 2025.
The Pound Sterling (GBP) falls sharply against its major peers in Thursday’s early North American after the Bank of England (BoE) leaves interest rates unchanged at 4.75%, as expected. The British currency faces a sell-off as three out of nine members of the Monetary Policy Committee (MPC) proposed a 25-basis points (bps) interest rate reduction. Only policymaker Swati
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