The British pound weakened against other major currencies in the Asian session on Wednesday, as traders speculate a rate cut by the Bank of England (BoE) in February.
Recent data showed that the economy logged a slower-than-expected growth and inflation eased unexpectedly. Consequently, it is generally expected that the BoE would reduce the key interest rate by 25 basis points to 4.50 percent at its policy meeting on February 6.
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Forex News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.