Pound Slips as UK Inflation Dips Below BoE Target, Raising Prospects of Further Rate Cuts
The British pound weakened against the dollar after the UK’s inflation rate fell below the Bank of England’s (BoE) 2% target for the first time in over three and a half years, signaling a potential shift in monetary policy. The drop in inflation heightens expectations for a second interest rate cut next month, aimed at bolstering […]