
“BOE Bumps the Brakes: GBP/USD Takes a Breather”
GBP/USD: A Rollercoaster Ride Shifting Sands On Thursday, the GBP/USD market was thrown into turmoil, reacting sharply to news from the Bank of England (BoE). The decision to trim interest rates by 25 bps initially sent the pair tumbling, but things took an unexpected turn when the BoE struck a hawkish tone in its accompanying…