The Bank of England (BoE) has lowered the Bank Rate by 25 basis points to 3.75%, a decision anticipated by market analysts. The vote was split 5-4, reflecting a closely contested decision among policymakers. This outcome follows an unexpected rise in inflation, which may have led traders to hope for a more decisive majority in favor of the cut.
In the wake of the announcement, GBP/USD saw fluctuations as investors adjusted their positions. The exchange rate is now closely watched as the market weighs the implications of the rate cut on the UK's economic outlook. Meanwhile, the EUR/GBP pair is responding to shifting sentiment, with traders assessing the potential influence of the BoE's decision on broader currency dynamics within the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 14:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.