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Sterling surged across the board after the BoE delivered a widely expected rate cut to 4.00%, but with a much tighter vote split than markets anticipated. Four of the nine Monetary Policy Committee members voted to keep rates unchanged, signaling persistent concerns about upside inflation risks. This hawkish undercurrent, paired with Governor Andrew Bailey’s cautious […]

The post BoE’s Hawkish Cut Sparks Sterling Rally appeared first on Action Forex.

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