The British pound strengthened on Thursday after the Bank of England cut interest rates by 0.25 percentage points to 4.25%, with an unexpected split among policymakers where two voted to maintain current rates. Sterling gained 0.24% against the U.S. dollar to $1.33215. The currency was also boosted by news that the U.S. and Britain will announce a trade deal to lower tariffs on some goods, as confirmed by President Trump who described it as a “full and comprehensive” agreement.

News
February 2026 CPI Report Shows Inflation Calm Before Oil Shock Hits
The February 2026 CPI report landed in line with expectations — and almost immediately beside the point. With the Iran war already reshaping oil markets, the real inflation story doesn’t show up until March. Here’s what traders and investors need to know.




