Bank of England to cut rate
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The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.
Gold is down 0.4% at $4,320 an ounce, and oil (Brent crude) is up about 0.4% to $59.90 a barrel. Bitcoin is up 1.9% at $87,620 per coin, while Ethereum is up 2.6% at $2,890. The pound is up 0.2% against the US dollar at $1.340, and is up 0.3% against the euro at €1.142.
The European Central Bank is leaving interest rates unchanged for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without th
The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.