February 6, 2025 – Written by Ben Hughes
STORY LINK Bank of England: GBP Losses vs EUR and USD, Markets Expect Three More Rate Cuts in 2025
Pound Sterling traded lower against the Euro and US Dollar into the Bank of England (BoE) decision, not helped by a weaker-than-expected reading for the construction PMI index.
Sterling dipped sharply following the BoE cut to 4.50% with markets considering that there is scope for more rate cuts this year. Markets are now pricing in around a 20% chance of a…
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