December 20, 2024 – Written by David Woodsmith
STORY LINK Pound Sterling Dips Against Euro and Dollar on Surprise BoE Vote Split
A narrower-than-expected Bank of England (BoE) vote in favour of holding interest rates at 4.75%, triggered a Pound sell-off on Thursday.
The Pound was also undermined overnight by wider dollar gains.
A hawkish Fed statement had help cut market expectations of a February BoE cut to below 50%, but this was reversed after the BoE statement.
The Pound to Dollar exchange rate…
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