Unexpectedly dovish Bank of England decision sends pound and yields lower - MarketWatch
1. The Bank of England cut rates by 25 basis points to 4.5%. 2. Vote for a half-point cut by two members surprised many analysts. 3. Majority expressed concerns over domestic and global economic risks. 4. GBPUSD fell sharply after the announcement, indicating market reaction. 5. Bond yields declined, reflecting expectations of continued monetary easing.