Central Banks Join Dollar Diet Club as Trade War Menu Gets Spicier
Key Points
- The Bank of England cut interest rates amid concerns over US...
Ever wondered what happens when central bankers discover they've been ghosted by the US dollar? Well, grab your popcorn and trading terminals, because this forex feast is getting extra zesty!
The BOE's "Thanks, But No Banks" Moment
The Bank of England just dropped its interest rates faster than a hot potato, cutting a quarter point on May 10, 2025. Why? Because nothing says "we're concerned about US trade policy" quite like a cautious rate trim. Meanwhile, the Federal Reserve is playing it cooler than a cucumber in a freeze, maintaining rates while Jerome Powell masters the art of saying "...
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