British Pound futures rally following split vote from Bank of England. 11/6/25

British Pound futures extended their rally to 1.3135 after finding support near the 1.30 level, a price point not seen since April. This move followed the Bank of England's decision to keep rates unchanged, which was a 5-4 vote, with four members voting for a 25 basis point cut. Governor Bailey indicated that more data is needed before committing to future rate cuts, despite seeing current rates as restrictive. The volatility surrounding the event, as measured by the C-Wall index, moved lower after the Bank of England meeting.

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