Sterling gains against dollar ahead of this week’s BoE meeting By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Investing.com
Sterling's Performance: The British pound rose 0.29% against a weaker dollar, trading at 1.33045 ahead of the Bank of England's policy decision expected later this week, with markets anticipating a rate cut to 4.25%.
Market Expectations: Investors are closely watching the BoE's statement for potential changes in its gradual approach to rate cuts amid concerns over global growth and inflation, while also considering the U.S. Federal Reserve's upcoming meeting.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
