---
title: Daily Market View 07-11-2025
description: BoE holds rates at 4% with a close 5-4 vote, hinting at a possible December cut. GBP rallies but weakens, reflecting economic concerns.
---

[FX News | Caxton Daily Market View ](https://caxton.io/fx-news)

# [Daily Market View 07-11-2025](https://caxton.io/fx-news/daily-market-view-07-11-2025)

 Written by [David Stritch](https://caxton.io/fx-news/author/david-stritch) | Nov 7, 2025 9:44:36 AM

## BoE Holds at 4%, Leaves Door Open December Cut

 

GDP-

It was a crucial day yesterday that didn't really disappoint, sure, volatility remained low, however there was still plenty to talk about. Firstly, the base rate was held at 4.00%, no surprises there, but the vote split of 5-4 (hold-cut) was1 member more dovish than expected.

 

Governor Bailey re-iterated rates were on a "steady path of decline", although wanted to see a more established trend of disinflation. He also said that this decision was made through the lens of two major considerations, firstly, CPI itself, which at 3.8% remains much too high and then employment, which is showing sustained signs of weakening.

Indeed, the Bank's own projections foresee just over 1% annual growth and a 5% unemployment rate. All of this suggests a cut in December, provided inflation doesn't rise and weakness in the employment market continues, worsening the medium term GBP outlook.

 

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote.

## Today's Economic Calendar

**Major Economic Releases (All times in GMT)**

 No major releases.

 

 

 

[View full post](https://caxton.io/fx-news/daily-market-view-07-11-2025)

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