EUR/GBP falls close to 0.8470 as the pound sterling after Boe's political decision intensify

• EUR/GBP drops sharply to almost 0.8470 as Boe retains a gradual interest rate cycle approach and increases GDP growth forecasts per year.
• Boe reduces interest rates by 25 pairs to 4.25%, most 7-2.
• The EU plans to impose up to EUR 95 billion in countermeasures against US imports.

The EUR/GBP pair slides on Thursday in the early hours of the northern American American, almost 0.8470, as Pound Sterling (GBP) attracts important deals after the English bank (Boe) announced its monetary policy. Boe reduced interest rates by 25 base points (BPS), as expected to 4.25%and maintained its gradual and cautious political attitude.

Market experts had evaluated the reduction of 25 BPS interest rates as President of the United States (US) President Donald Trump has been announced in early April due to potential economic risks of tariffs, improving domestic inflation and reducing energy costs.

Seven of the nine Monetary Policy Committee (MPC) voted in favor of lowering interest rates, two officials, Catherine Mann and Huw Pill, 4.5%of interest rates.

In the meantime, Boe has raised the total forecast of his collection (GDP) to 1%, compared to 0.75% compared to the February meeting. Boe governor Andrew Bailey has expressed confidence that the trend of disinflation is untouched and that the central bank has predicted the Consumer Price Index (CPI) of the headlines (CPI) at a time of 2.4% within one year, compared to the 3% forecast made in February.

In the future, investors will focus on a US-UK trade transaction, which US President Trump was expected to announce at 14:00 GMT. On Wednesday, Trump announced that he would announce a bilateral trade transaction with one nation, which he called a highly respected country through the truth post. The New York Times report showed that the people will become Britain.

In the eurozone region, the European Union (EU) Commission has disclosed the countermeasures of the US announced tariffs. The European Commissioner for Commerce in Maros Sefcovic stated that the institution intends to impose retaliatory measures up to EUR 95 billion ($ 107.2 billion) from US imports, if negotiations with Washington should not eliminate US President Trump -applied tariffs, Reuters said.