After the Bank of England cut interest rates, the pound and bond yields fell

ChainCatcher news, according to Jinshi reports, the British pound is expected to record its largest single-day decline since early January on Thursday, after the Bank of England cut interest rates as expected, with two officials calling for a significant rate cut against the backdrop of weak economic growth.

The British pound continued its downward trend against the US dollar, at one point falling more than 1%, potentially recording its largest single-day decline since January 2, and retreating from the four-week high reached yesterday. The yield on UK 10-year government bonds also fell, reported at 4.385%, down from 4.42% before the interest rate decision.