Hawkish BoE Cut Lifts Sterling, Dollar Weakens on Soft CPI
Sterling rallied broadly after the BoE delivered a widely expected rate cut that came with a distinctly hawkish undertone. The 5–4 vote, with four members dissenting in favor of holding rates steady, was a surprise and prompted a reassessment of how smooth the easing path ahead will be. Fundamentally, the BoE still sees scope for
















