The Bank of England slashed its policy rate by 25 basis points for the first time since 2020 on Thursday in a narrow 5-4 vote. While this was not fully priced in by markets, the bank’s statement struck a cautious note on future cuts, warning that rates would not be lowered too much or too quickly. This partly allowed GBP to hold its own following the decision.Meanwhile, the Federal Reserve held rates steady on Wednesday, but chair Powell firmly hinted at a cut at the next meeting in September, which now appears set in stone. The Bank of Japan also hiked interest rates this week, but what does this mean for the global FX carry trade?We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk  Liked this show? Please leave us a review here – even one sentence helps! We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk Liked this show? Please leave us a review here – even one sentence helps!

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