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11.08.2025 11:10 AM
The GBP/USD pair begins the new trading week with moderate moves, consolidating its recent solid gains. Last week, as expected, the Bank of England cut its interest rate by 25 basis points to 4%, marking the lowest level since early 2023. However, the split vote within the regulator — 5 to 4 — indicated stronger resistance to further rate cuts than markets had anticipated. This led traders to reassess expectations for aggressive monetary policy easing, thereby supporting the British pound.
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