Bank of England's 25bp Cut Sparks 1.3450 GBP Rally - Trader Reveals Next Move
Key Points
- The Bank of England cut rates to 4.00% with a divided 5-4 vo...
The Bank of England just served up a 25 basis point rate cut to 4.00%, and somehow the British Pound didn't collapse into a pudding-like mess. Instead, GBP/USD is lounging around 1.3450, acting like it just received a compliment rather than a monetary policy adjustment that usually sends currencies running for cover.
When 5-4 Votes Make Everyone Nervous
The BoE's Monetary Policy Committee split 5-4 on this decision, which is about as close as it gets without requiring a coin flip. This razor-thin margin tells us the committee members are having heated debates that probably involve more d...
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