The Bank of England's rate cut did not stop the pound from rising, as the UK is preparing to reach a trade agreement with the United States.

On Thursday, after the Bank of England announced the widely expected interest rate cut, the pound rose. At the same time, the UK is preparing to reach a trade agreement with the United States. The Bank of England cut its benchmark interest rate by 25 basis points to 4.25%, but due to pressure on global economic growth from Trump's tariffs, the policymakers' vote unexpectedly divided into three camps. The pound rose 0.25% against the dollar to 1.3324 on the day, rebounding from the day's low of 1.3242 before the interest rate decision. The UK's FTSE index saw a slight narrowing of gains. UK government bonds were under pressure, with the yield on the 10-year government bond rising by 3.5 basis points to 4.491% on the day.