# Pound (GBP/USD) Nears Four-Month Low as BOE Seen Cutting Rates Before Fed - Bloomberg

> Sterling fell toward $1.25, near a four-month low, as traders increased bets that the Bank of England would cut rates more than the Federal Reserve this year. Sterling slipped 0.1% to $1.2540, matching a six-week low.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/30996-pound-gbp-usd-nears-four-month-low-as-boe-seen-cutting-rates-before-fed
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rising bets on BoE easing relative to the Fed weaken sterling against the dollar. Feed prices are only indirectly affected.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-02/pound-nears-four-month-low-as-boe-seen-cutting-rates-before-fed

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