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Sterling Extends Losses
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.
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 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.
15h
SAS Weekly U.K. Gilt Yield And Pound Sterling Simulation, January 31, 2025: Median Pound/Dollar Exchange Rate 1.2347 One Year Forward
Our weekly simulation for Gilt yields. Read the latest update, as of January 31, 2025. Read the full report on Seeking Alpha.
1d
Pound Sterling surge pauses against US Dollar on upbeat US private employment data
The Pound Sterling struggles to extend its upside above the intraday high of 1.2550 against the USD due to the upbeat US ADP ...
19h
Pound slides as stagflation puts BoE on deeper cutting path
Sterling was set for its biggest one-day fall since early January on Thursday, after the Bank of England (BoE) cut interest ...
5d
on MSN
The two ex-British colonies that now use dollars instead of pounds
The Pound was the dominant international currency up until the 1940s but changes to the financial system and new trading ...
Exchange Rates
3d
Pound Sterling Forecasts
Copyright © 2006-2024 Exchange Rates UK. All rights reserved. The information and news on this website is not financial advice or a recommendation. All displayed ...
1d
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 ...
3h
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, ...
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