Sterling Edges Higher Ahead of BoE: 32% Chance of Rate Cut + NOK Rises After Norges Bank Hold

Sterling GBPUSD currency forex news Bank of England BoE rate decision Norges Bank NOK Norwegian crown dollar index DXY risk sentiment
Dive into the latest forex market updates as sterling nudges higher before the Bank of England’s key rate decision, with markets pricing a 32% chance of a cut. Explore why the Norwegian crown recovered after Norges Bank held rates at 4% amid inflationary pressures. We break down the dollar’s decline as risk appetite improves, pulling the safe-haven currency off highs. Learn about key economic data from the US services sector and implications for global currencies like GBPUSD, EURNOK, and EURUSD. Get insights from analysts on inflation forecasts and central bank moves in this comprehensive market analysis.