Tag: GBP/USD


  • Pound Sterling bounces back after BoE cut interest rates by 25 bps to 3.75%

    The Pound Sterling (GBP) attracts significant bids and turns positive against its major currency peers on Thursday, following the Bank of England’s (BoE) interest rate decision. As expected, the BoE has cut its interest rates by 25 basis points (bps) to 3.75% from 4%, with a 5-4 majority. The BoE was expected to lower its key borrowing rates due…