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2025-09-18 19:17:47
[Pound Sterling Stabilizes Above $1.36, Diverging UK and US Monetary Policy Trends] (1) After the Bank of England held interest rates steady and signaled caution, the pound stabilized above $1.36, approaching its highest level since early July. Policymakers emphasized that significant upside risks to medium-term inflation remain, and that there is no set policy path. The timing and pace of easing will depend on how quickly inflationary pressures ease. (2) This stance contrasts with the dovish stance of the US Federal Reserve. On Wednesday, the Fed announced a 25 basis point interest rate cut and hinted at a further 50 basis point cut this year. However, Chairman Powell stated that this move was more motivated by "risk management" rather than the start of a new easing cycle.
