GBP/USD Resilient Post Rate Cut, Budget Next
March 11, 2020 at 05:34 AM EDT
GBP/USD is clawing back loses after the BoE made an emergency 50 basis point rate cut early on Wednesday, in an unscheduled move. This takes the interest rate from 0.75% to 0.25%, ahead of the Chancellor’s budget due later in the day.