From Google: 2024-08-01 08:57:00

1. Sterling hits a 1-month low as bond yields fall following Bank of England’s decision to cut rates, sparking concerns about economic recovery.

2. The pound weakened against the dollar and euro, dropping to its lowest level since July, as investors reacted to the central bank’s policy response.

3. Bank of England’s rate cut comes amid rising inflation and concerns about the impact of slowing global growth on the UK economy.

4. The decision to reduce rates is aimed at supporting economic recovery and stimulating growth, but has led to a decline in investor confidence and higher volatility in financial markets.



Read more at Google: Sterling hits 1-month low, bond yields fall after BoE cuts rates – Reuters