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The Bank of England cut rates by a quarter point to 4.5%, in line with a Reuters poll, while two policymakers voted for a bigger cut. The bank expects a sharp upward revision to this year's inflation forecast to prove temporary.
Sterling fell about 1% to $1.2370.
A split committee and a weaker growth outlook point to further easing, which tends to weaken sterling against the dollar. The move has little direct bearing on feed commodity prices.
reuters.comFeb 6, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
