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Tag: additional

2025-08-07 17:01:00 admin

First Light News: Impact of New Tariffs and Bank of England Rate Cut Expectations on Forex Markets

The Bank of England (BoE) takes centre stage today at 11:00 am GMT. As I am sure you are aware, the central bank is forecast to reduce the bank rate by 25 basis points (bps).Tariffs Come Into Effect WorldwideUS President Donald Trump’s reciprocal tariff policy has come into effect, with rates ranging from 10% to 50%. Brazil finds itself bearing the heaviest burden – a staggering 50% aggregate tariff rate that marries a 10% reciprocal levy with a punitive 40% surcharge stemming from the judicial