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British Pound Surges Amid Fed’s Dovish Shift

The British pound surged to its highest level against the US dollar, driven by the Bank of England's more hawkish stance compared to the Federal Reserve's outlook at the Jackson Hole Symposium last Friday. The pound also rose sharply against other G-10 currencies following the symposium, a key event hosted by the Federal Reserve in…

ByPexecoAugust 26, 20240Comments

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Bank of England Cuts Interest Rates to 5%

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities. The Bank of England cut interest rates at its August meeting for the first time since…

ByPexecoAugust 1, 20240Comments

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British Pound Surges Amid Fed’s Dovish Shift

Bank of England Cuts Interest Rates to 5%