Where next for GBP and USD?

The Bank of England cut Bank Rate by 25 basis points this week while the Fed opted for a hold, so what does all of this mean for the outlook for GBP and USD in the months ahead? Brian Daingerfield and Paul Robson take a closer look, and they also discuss the impact of the Bank of Japan’s decision to go in the other direction and hike rates for just the second time in 17 years.We’ll be taking a break from the podcast the rest of August, but we’ll see you all again in September.  Remember to hit ‘subscribe’ or ‘follow’ so you can watch or listen to the latest episode of Currency Exchange as soon as they’re available.  NB: This was recorded on 1 August 2024. For any terms used please refer to this glossary:  https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html