On Thursday, the pound rose after the Bank of England announced a commonly expected rate cut. Meanwhile, Britain is preparing to reach a trade deal with the US. The Bank of England cut the benchmark interest rate by 25 basis points to 4.25%, but as Trump's tariffs put pressure on global economic growth, policymakers' voting results unexpectedly split into three factions. GBP/USD rose 0.25% to 1.3324 during the day, rebounding from a daily low of 1.3242 before the interest rate decision. The increase in the UK FTSE index narrowed slightly. UK government bonds were under pressure, and the yield on UK 10-year treasury bonds rose 3.5 basis points to 4.491% on the same day.

On Thursday, the pound rose after the Bank of England announced a commonly expected rate cut. Meanwhile, Britain is preparing to reach a trade deal with the US. The Bank of England cut the benchmark interest rate by 25 basis points to 4.25%, but as Trump's tariffs put pressure on global economic growth, policymakers' voting results unexpectedly split into three factions. GBP/USD rose 0.25% to 1.3324 during the day, rebounding from a daily low of 1.3242 before the interest rate decision. The increase in the UK FTSE index narrowed slightly. UK government bonds were under pressure, and the yield on UK 10-year treasury bonds rose 3.5 basis points to 4.491% on the same day.