GBP\/USD plummets as BoE cut rates unanimously<\/h2>\n\nThe Pound Sterling fell during Thursday\u2019s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the\u00a0GBP\/USD<\/a>\u00a0tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405. Read More…<\/a><\/p>\n<\/p>\nPound Sterling plummets as two BoE members favor 50 bps interest rate cut<\/h2>\n<\/div>\n\nThe Pound Sterling (GBP) plummets\u00a0against its major peers in Thursday’s North American session after\u00a0the\u00a0Bank of England\u00a0(BoE) monetary policy meeting in which the central bank\u00a0reduced interest\u00a0rates<\/a>\u00a0by 25 basis points (bps) to 4.5%.\u00a0This is\u00a0the third interest rate cut by the BoE in its current policy-easing cycle, which started at the August 2024 policy meeting and the central bank was widely anticipated to do the same. Read More…<\/a><\/p>\n![](\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/_GBP_USD_2025-02-06_17-44-33-638744408829723958.png\")
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GBP\/USD steadies around 1.2500, downside risks appear due to dovish mood surrounding BoE<\/h3>\n<\/div>\n\nGBP\/USD halts its three-day winning streak, trading around 1.2490 during the Asian hours on Thursday. The Pound Sterling (GBP) could face downward pressure amid expectations that the Bank of England (BoE) will resume its policy-easing cycle, likely lowering interest rates by 25 basis points (bps) to 4.5% later in the day. Read More…<\/a><\/p>\n\u00a0<\/p>\n
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GBP\/USD plummets as BoE cut rates unanimously The Pound Sterling fell during Thursday\u2019s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the\u00a0GBP\/USD\u00a0tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405. Read More… […]<\/p>\n","protected":false},"author":2,"featured_media":365806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,712,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-366630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boe","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=366630"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630\/revisions"}],"predecessor-version":[{"id":366633,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630\/revisions\/366633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/365806"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=366630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=366630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=366630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The Pound Sterling fell during Thursday\u2019s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the\u00a0GBP\/USD<\/a>\u00a0tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405. Read More…<\/a><\/p>\n<\/p>\n The Pound Sterling (GBP) plummets\u00a0against its major peers in Thursday’s North American session after\u00a0the\u00a0Bank of England\u00a0(BoE) monetary policy meeting in which the central bank\u00a0reduced interest\u00a0rates<\/a>\u00a0by 25 basis points (bps) to 4.5%.\u00a0This is\u00a0the third interest rate cut by the BoE in its current policy-easing cycle, which started at the August 2024 policy meeting and the central bank was widely anticipated to do the same. Read More…<\/a><\/p>\n GBP\/USD halts its three-day winning streak, trading around 1.2490 during the Asian hours on Thursday. The Pound Sterling (GBP) could face downward pressure amid expectations that the Bank of England (BoE) will resume its policy-easing cycle, likely lowering interest rates by 25 basis points (bps) to 4.5% later in the day. Read More…<\/a><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" GBP\/USD plummets as BoE cut rates unanimously The Pound Sterling fell during Thursday\u2019s North American session, down 0.79% after the Bank of England (BoE) reduced the Bank Rate by 25 basis points. Therefore, the\u00a0GBP\/USD\u00a0tumbled below 1.2400 and hit a daily low of 1.2359. At the time of writing, the pair trades at 1.2405. Read More… […]<\/p>\n","protected":false},"author":2,"featured_media":365806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,712,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-366630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boe","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=366630"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630\/revisions"}],"predecessor-version":[{"id":366633,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/366630\/revisions\/366633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/365806"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=366630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=366630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=366630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Pound Sterling plummets as two BoE members favor 50 bps interest rate cut<\/h2>\n<\/div>\n
<\/p>\nGBP\/USD steadies around 1.2500, downside risks appear due to dovish mood surrounding BoE<\/h3>\n<\/div>\n