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Bank of England Rate Cut: Pound Set to Rise

6/18/2025

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Summary

Story summary

The Bank of England is expected to announce a rate cut soon, with minimal effect on market expectations.
The pound has increased by 0.2% against the dollar but has retraced some earlier gains.
HSBC forecasts the pound will rise to $1.37 by year-end, driven by a weakening US dollar.

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Story summary

The Bank of England is expected to announce a rate cut soon, with minimal effect on market expectations.
The pound has increased by 0.2% against the dollar but has retraced some earlier gains.
HSBC forecasts the pound will rise to $1.37 by year-end, driven by a weakening US dollar.