XE Market Analysis: Sterling Slides as Bank of England Lowers Growth and Inflation Forecasts

OVERVIEW

  • US Dollar is generally weaker as market sentiment remains positive.
  • Emerging market currencies among top performers on the day after US yields dip from recent highs, many still close to record lows.
  • GBP slide continues after dovish BoE and softer economic data.
  • New Zealand Dollar slides after central bank mentions interest rates moving down. 

HIGHLIGHT