Rate Cuts and Currency Fluctuations Both the Federal Reserve and the Bank of England are announcing rate decisions on November 7. With U.S. short-term rates at 4.875% and the BOE’s rate at 5%, markets are pricing in a high probability of cuts from both central banks. What does this mean for the GBP/USD pair? Insights by Jim Iuorio with TJM Institutional Services. https://www.cmegroup.com/markets/microsuite/fx.html #pound #dollar #forex