Previous close | 1.2497 |
Open | 1.2498 |
Bid | 1.2510 |
Day's range | 1.2448 - 1.2510 |
52-week range | 1.2043 - 1.3142 |
Ask | 1.2510 |
Money markets are forecasting a 55% chance the bank rate will be cut by a quarter of a percentage point at its next meeting.
Markets risk underestimating size of rate cuts, Bailey says
Expect interest rate cuts in August, say economists.