Bank of England: Predictions for Pound Sterling vs. Euro and Dollar as Negative Interest Rates Verdict is Delivered
- GBP/USD to 1.40 if Bank says -ve rates not feasible: MUFG - GBP/EUR down to 1.1286 if vote on -ve rates is split: TD Securities Image © Adobe Stock The Bank of England's February policy decision forms the key risk for the British Pound on Thursday as foreign exchange markets eagerly await a verdict on whether an interest rate cut to 0% or below is likely either today, or at some point in coming weeks and months. Such a rate cut has never been attempted in the UK before and the Bank's decision will therefore have significant implications for the UK financial system.
Source: poundsterlinglive.com