Pound Sterling Slips as BoE Rate Cut Bets Rise, Fed Policy Looms Large
The Pound Sterling (GBP) weakens against most major peers on Tuesday, excluding the Japanese Yen, as market speculation for a Bank of England (BoE) interest rate cut in August intensifies. A recent Reuters poll suggests a greater than 58% probability of a 25 basis point reduction, although some uncertainty remains due to persistent service sector […]
