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15 mins delay SENSEX 79,454.47 [-880.34]	-22.95 -1.73%	-2.15 -0.09%	-17.85 -1.52%	-177.80 -2.02%	-35.35 -1.76%	-24.45 -1.31%	-2.50 -1.09%	-9.20 -0.58%	-37.10 -1.93%	-21.30 -0.90%	-45.25 -3.16%	-7.50 -0.91%	-3.80 -0.25%	-6.85 -1.59%	-8.55 -0.40%	125.10 3.77%	-48.05 -1.59%	-138.00 -1.11%	-17.30 -0.74%	-5.15 -1.52%	-8.30 -2.70%	-27.10 -1.93%	10.65 1.39%	-21.35 -1.21%	26.60 3.90%	-0.90 -0.63%	-5.25 -0.15%	-9.00 -0.60%	147.35 4.38%	-255.65 -2.20%

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GBP/INR quotes under 113 mark, BOE likely to cut interest rates today

08-May-25 12:03Hrs IST

The British Pound is trading in a steady manner as markets focus on the upcoming interest rate decision from Bank of England (BOE). The central bank is likely to cut its benchmark interest rate by a quarter-point on recent signs of economic slowdown and continued worries over trade tariffs. The Monetary Policy Committee is expected to cut its benchmark rate to 4.25% from 4.50%. The BOE had maintained its interest rate at its March meeting after reducing it three times since last year. GBP/USD pair is quoting at 1.3300, down 0.20% on the day. The Pound eased in last session, coming off a one week high against the US dollar as the US Fed decided to leave the target for the federal funds rate at 4.25% to 4.50% for the third straight meeting. On the NSE, GBP/INR futures are quoting at 112.95, down 0.36% on the day, witnessing a moderation after decent start.

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