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BoE cuts rates 25 basis points but GBP/USD hits 1.34 - here's why

Reading time: 2 min • Aug 7, 2025, 04:52 PM (UTC)

Key Points

  • The Bank of England cut interest rates to 4.00%, resulting i...

The Bank of England just pulled off something that would make a magician jealous: they cut interest rates by 25 basis points to 4.00%, and somehow the pound decided to throw a celebration party, climbing back to 1.3400 against the dollar. It's like watching someone announce they're broke while their bank account mysteriously grows.

This marks the BoE's fifth rate cut in their current easing cycle, because apparently the UK economy needed about as much stimulation as a sleepy teenager on Monday morning. The decision wasn't unanimous either - the Monetary Policy Committee split 5-4, which is ba...

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