📉 BREAKING: BANK OF ENGLAND CUTS INTEREST RATE
🇬🇧 BoE Decision Just Released:
· Previous Rate: 4.00%
· Forecast: 3.75%
· Actual: 3.75% ✅
⬇️ Result: Interest rate DECREASED — typically bearish for the Pound (GBP).
📊 Why This Matters:
A rate cut signals:
· Concerns about economic growth
· Efforts to stimulate borrowing/spending
· Potential weakening of the currency (GBP)
💎 Crypto Angle:
Weaker GBP can sometimes fuel capital rotation into alternative stores of value like Bitcoin and major crypto assets. Watch GBP pairs for volatility.
🔍 Next:
Keep an eye on BoE Governor Bailey’s comments for forward guidance.More cuts ahead? Markets will decide.
👇 Trading GBP or watching FX impact on crypto?
Drop your take below.
🔁 Share this alert with a forex or crypto trader.
#BankOfEngland #BoE #InterestRate #GBP #Crypto
