British Pound Plummets Against Dollar

This is a U.S. news story, published by CNBC, that relates primarily to Andrew Bailey news.

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interest rate cuts

CNBC

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Sterling plunges 1% against dollar after Bank of England governor's comments on rate policy

Summary

Nutrition label

86% Informative

The British pound tumbled more than 1% against the U.S. dollar Thursday .

Bank of England Governor Andrew Bailey told the Guardian newspaper that more good news on inflation could allow the central bank to be "a bit more activist" in its approach to rate cuts.

The central bank held rates at 5% in September after cutting by 25 basis points in August to 5% .

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Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

Hate speech