GBP/JPY falls below 190.50 as traders expect BoE to deliver an interest rate cut
The BoE’s Monetary Policy Committee (MPC) is anticipated to vote 8-1 in favor of a quarter-point rate cut to 4.5%, with MPC member Catherine Mann, who has been an outspoken hawk, is expected to support keeping interest rates steady at 4.75%.
GBP/USD forecast ahead of BoE interest rate decision
The GBP/USD exchange rate pulled back slightly after the Federal Reserve interest rate decision and US GDP data. It dropped to a low of 1.2400, down from this week’s high of 1.2500 as focus shifts to the upcoming US personal consumption expenditure (PCE) data and Bank of England (BoE) decision.
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.
Sterling drops ahead of Bank of England rate decision
Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England's meeting, at which the central bank is widely expected to cut interest rates.
FxWirePro: GBP/USD slips towards 1.2400 level ahead of Bank of England rate decision
GBP/USD fell sharply on Thursday as sterling attracted sellers ahead of the Bank of Englands policy decision. Markets price in a 94% chance the BoE will cut rates by 25 basis points to 4.5% on Thursday,
Sterling Could Fall if Strong Majority of BOE Officials Back Rate Cut
Sterling weakened against the dollar and could fall further if the BOE votes 8-1 to cut interest rates and downgrades its economic growth forecasts, ING said.
GBP/USD Forecast: Pound Sterling could extend uptrend on hawkish BoE
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GBP/USD: Above 1.2550 a sustained can be expected – UOB Group
The Pound Sterling (GBP) is expected to consolidate in a 1.2460/1.2540 range. In the longer run, GBP has to break and remain above 1.2550 before a sustained advance can be expected, UOB Group’s FX ...