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Cable Drops 100 Pips as BoE Cuts Rates!

Name: Cable Drops 100 Pips as BoE Cuts Rates!
Uploaded: 2024-08-01
Channel: David Kindley
Description: Cable Drops 100 Pips as BoE Cuts Rates! The BoE lowered its rate by 25bps to 5% but did warn against a jump in inflation.As the Fed also signaled it would cut its bank rate in their next meeting, will we see all central banks follow?TimestampsEURUSD

By David Kindley Last updated Aug 1, 2024 27 0

Cable Drops 100 Pips as BoE Cuts Rates!
The BoE lowered its rate by 25bps to 5% but did warn against a jump in inflation.

As the Fed also signaled it would cut its bank rate in their next meeting, will we see all central banks follow?

Timestamps
EURUSD 00:45
GBPUSD 02:00

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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