Does anybody know what caused that sudden dip in GBP and Euro and Dollar rise by some 40 pips right after the rate cut announcement? The half percentage point rate cut was dollar negative and we all saw that price then retraced all the way and went in the right (but opposite) direction.
Edit: It was actually 0.25% rate cut not 0.50%
Edit: It was actually 0.25% rate cut not 0.50%