{"id":137342,"date":"2025-02-10T07:30:43","date_gmt":"2025-02-10T05:30:43","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/bank-of-england-cuts-rates-as-expected-euro-currency-news-daily\/"},"modified":"2025-02-10T07:30:43","modified_gmt":"2025-02-10T05:30:43","slug":"bank-of-england-cuts-rates-as-expected-euro-currency-news-daily","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/bank-of-england-cuts-rates-as-expected-euro-currency-news-daily\/","title":{"rendered":"Bank of England cuts rates as expected \u2013 Euro currency news daily"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/137342\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The Bank of England gave its latest interest rate decision yesterday and, as predicted, they cut rates by 25 basis points to 4.5%. The surprise came from the member votes, with Catherine Mann joining the other eight committee members in agreeing to the cut. On the previous two rate cuts, Mann remained un-swayed in her decision to hold but with one eye on the mortgage market she has now pointed toward a 50 basis point cut in the future. Forward guidance suggests that we will see a pause in March, but then quarterly cuts are expected taking the base rate down to 3.5% before the end of 2025. Prior to the announcement, sterling was on the decline against both the EUR and USD. GBP\/EUR dropped to a session low 1.1940 and GBP\/USD touched 1.12375, but both pairings recovered following the release.<\/p>\n<p>US unemployment claims missed expectation yesterday, seeing a weekly increase of 11,000. This acted as a prelim to today US jobs data where we anticipate non-farm employment change and the unemployment rate. The non-farm data is projected to show growth of 169,000, which is markedly lower than the 256,000 in December, but in-line with the past three month average. The unemployment rate is expected to see no change at 4.1%. While the takeaway could be that job creation is slowing, the broader view is that the employment picture is holding solid, and it\u2019s not likely to be a problem for the Federal Reserve any time in the near future. This would favour the FED\u2019s recent \u2018wait and see\u2019 view on further interest rate decisions.<\/p>\n<p>GBP\/USD is back above 1.2450 this morning and EUR\/USD has touched 1.0400 in the past hours. Volatility might be seen before and around the employment releases, alongside any additional comments from President Trump around Tariffs.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.eubusiness.com\/euro\/currency-daily\">EUbusiness<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/bank-of-england-cuts-rates-as-expected-euro-currency-news-daily\/\">Bank of England cuts rates as expected \u2013 Euro currency news daily<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[3046,555,17901,1174,1126],"class_list":["post-137342","post","type-post","status-publish","format-standard","hentry","category-news","tag-bank-of-england","tag-csr-news-en","tag-cuts-rates","tag-recap-en","tag-science-and-research-news-of-sustainable-development"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=137342"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137342\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=137342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=137342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=137342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}