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The Bank of England is expected to cut rates amid slowing inflation and weak growth, pressuring the British pound which weakened slightly versus the dollar and euro ahead of the decision.
Nvidia shares declined over 1% amid broader Nasdaq losses, pressured by energy sector gains and geopolitical oil supply concerns linked to Venezuela.
UK inflation is expected to slow, pressuring the Bank of England towards a rate cut. Geopolitical tensions rise after US imposes an oil tanker blockade on Venezuela, boosting oil prices. Market focus…
GBPUSD remains stable near 1.34 amid broad USD weakness ahead of the Bank of England's likely 25bps rate cut, with economic data influencing future rate cut expectations for 2026.