BoE's Three-Way Split Vote Muddles Sterling's Path, Yen Strength Continues

Sterling is currently trading with indecisiveness following BoE's rate decision, which has provoked mixed reactions in the markets. The decision, notable for its combination of hawkish and dovish signals, resulted in a rare three-way voting split—the first occurrence since 2008—with two members favoring a rate hike, one a cut, and the rest opting for no change. This split highlights the complexities and differing perspectives within the MPC.

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