Yesterday’s 25bp rate cut by the Bank of England had a clear hawkish tinge, ING's FX analyst Francesco Pesole notes.

The Bank of England cuts policy rate by 25 basis points to 4.00%, its lowest level since March 2023, in a closely split 5-4 ...

The Sustainable Development Bond raised GBP 1 billion from investors to support the financing of the World Bank’s sustainable development activities in its member countries. The bond offers an annual ...

“Congratulations to the World Bank team on a landmark transaction to commence its new funding year. The GBP 1.5 billion issuance matches IBRD’s size record for a 5-year GBP transaction set in January ...

For much of the past month, it appeared as if sterling was stuck in some kind of doom-loop – whatever the data, whatever the relative mood in markets, the pound was an unambiguous sell, said analysts ...

On the H4 chart of GBP/USD, the market has executed a decline wave to 1.2820 and a subsequent correction to 1.2867. Today, the market continues its downward movement towards 1.2772.