Markets are almost fully pricing in a 25-basis-point move next month, followed by another in December — a total of about 60 basis points of easing by year-end.
The divergence leaves scope for sterling to extend its gains, analysts say, with the BoE’s higher-for-longer stance offering relative yield support while the Fed’s anticipated easing cycle weighs on the dollar
GBP/USD climbs as BoE seen firm, Fed seen cutting rates