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.

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JP Morgan: Gold Could Hit $5,400 by 2027
Gold is on track for its strongest year since 1979, up 60%+ with silver doubling to record highs. JP Morgan just raised targets to $5,055 by late 2026, citing relentless central bank buying and geopolitical risks. But questions linger over inflation data and Fed policy. Here’s what investors need to know.




