Unexpectedly dovish Bank of England decision sends pound and yields lower
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2025
0mins
Source: MarketWatch
Bank of England Rate Cut: The Bank of England has cut interest rates by a quarter-point to 4.5%, marking its third reduction since August.
Market Reaction: This dovish approach led to a decline in the British pound and bond yields.
Analyst Views on GBPUSD
Wall Street analysts forecast GBPUSD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBPUSD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.350
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Current: 1.350
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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.
