# Sterling drops ahead of Bank of England rate decision

> Sterling fell against the dollar ahead of the Bank of England decision, on track for its biggest daily drop in about a month. Markets priced a 94% chance of a 25 basis point cut to 4.5%, with no second easing seen until June. The pound was trading 0.74% lower at $1.2414.

- Date: 2025-02-06 · published 2025-02-06T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/26318-sterling-drops-ahead-of-bank-of-england-rate-decision
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A fully priced cut means the currency move reflected the expected decision, so the market impact is limited. The effect on feed markets is minimal.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sterling-edges-down-ahead-bank-england-rate-decision-2025-02-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.